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Walmart Inc. Looking Forward to a Strong Q4 2022 Report

2/20/2023 2:30 PM

The shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are trading at 146.00.

Tomorrow's Q4 2022 financial report is due out, and analysts are predicting a significant uptick in the retailer's numbers, with sales likely up 31.4% QoQ as higher-income shoppers were active in the period. The corporation managed to settle several issues regarding possible price increases by suppliers. CEO Doug McMillon said that a seller rating would be formed in this case, and more expensive wholesalers would go by the wayside in purchases.

The company expects revenue to reach 159.77B dollars, up from 152.8B dollars previously, and earnings per share of 1.52 dollars, up from 1.50 dollars. Management confirmed its intention to continue indexing dividend payments, bringing them to 0.57 dollars per share this year, which is equivalent to a yield of 1.60% per annum.

On the daily chart, the trading instrument is moving within the framework of working out the Head and shoulders reversal pattern, having consolidated above the Neckline around 144.00.

Technical indicators strengthen the buy signal: the AO histogram trades above the transition level, and fast EMAs on the Alligator indicator are above the signal line, expanding the swing range.

Resistance levels: 148.00, 154.00. | Support levels: 144.00, 138.00.

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