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AMZN

Amazon.com

$1,636.11

4.43 (0.27%)

, WMT

Walmart

$102.22

-0.73 (-0.71%)

11:08
11/14/18
11/14
11:08
11/14/18
11:08

Fly Intel: What to watch in Walmart earnings report

Walmart (WMT) is scheduled to report results of its third quarter before the market open on Thursday, November 15, with a conference call scheduled for 7:00 am EDT. What to watch for: 1. OUTLOOK: Walmart previously raised its fiscal 2019 EPS view to $4.90-$5.05 and narrowed its net sales view to up about 2%, but cut its EPS outlook at its investor meeting in October to $4.65-$4.80. The current Street forecast for FY19 EPS stands at $4.79 on revenue of $515.73B. The company previously said it was moving to an annual guidance framework with its quarterly updates, and that while there may be fluctuations within the quarters, "we believe EPS growth will be relatively consistent across the year." Looking ahead, Walmart, at its investor day, forecast total FY20 sales growth to be 3% or greater. Walmart U.S. comp sales growth is expected to be 2.5%-3% and eCommerce net sales growth is expected to be around 35% for FY20, it said. Baird analyst Peter Benedict said he has an upward bias to its U.S. comps expectations after the management's "bullish" tone at last month's investor meeting. The analyst added that the prospects for sustained momentum also appear to be good given the "multiple in-store and online initiatives converging" and the backdrop for consumer spending remaining firm. 2. FLIPKART: On Tuesday, Walmart said in a regulatory filing that Flipkart CEO Binny Bansal had resigned following an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. Walmart said Bansal "strongly denied" the allegation, but "Nevertheless, we had a responsibility to ensure the investigation was deliberate and thorough. While the investigation did not find evidence to corroborate the complainant's assertions against Binny, it did reveal other lapses in judgement, particularly a lack of transparency, related to how Binny responded to the situation. Because of this, we have accepted his decision to resign." 3. COMPETITION: Retailers like Walmart have been hurt by an increase in online shopping on sites like Amazon (AMZN) rather than at brick-and-mortar stores. Walmart's Levittown, New York store is a testing ground for the company's Project Kepler team, The Information reported earlier this month. The team is developing high-tech store concepts for the retailer to test cashierless checkout, among other applications, and Walmart is using the cameras to test the accuracy of its systems for automatically identifying the items shoppers remove from shelves, a person who confirmed that Levittown is part of Walmart's Kepler team efforts. Grocers are enlisting robots and artificial intelligence to boost efficiency as competition for consumer spending rises and venture-capital firms have invested over $1.2B in grocery technology this year, double the total for 2017, the Wall Street Journal previously said. Innovation is building an automated system for packing online grocery orders at a Walmart store in New Hampshire, the publication said. In October, Walmart announced plans for its first "high-tech" grocery distribution center.

AMZN

Amazon.com

$1,636.11

4.43 (0.27%)

WMT

Walmart

$102.22

-0.73 (-0.71%)

  • 14

    Nov

  • 15

    Nov

  • 28

    Nov

  • 04

    Dec

AMZN Amazon.com
$1,636.11

4.43 (0.27%)

11/14/18
EVER
11/14/18
NO CHANGE
Target $1990
EVER
Outperform
Amazon's AWS operating income estimates likely conservative, says Evercore ISI
Evercore ISI analyst Anthony DiClemente kept his Outperform rating and $1,990 price target on Amazon.com, saying his deeper analysis of the company's AWS business earnings power over the longer term suggests that the consensus is "likely too conservative". The analyst states that his "dynamic model" indicates a pathway of 35% or greater operating margins by 2022 under "bullish, but still undemanding assumptions." DiClemente adds that the Street is giving Amazon "little credit for ongoing efficiency gains", only calling for about 100bps in operating margin expansion between 2018 and 2021.
11/13/18
LOOP
11/13/18
NO CHANGE
LOOP
Amazon.com HQ2 locations 'make perfect sense' to Loop Capital
Loop Capital analyst Anthony Chukumba, who has a Buy rating and $2,200 price target on Amazon shares, was not surprised by Amazon's decision to split HQ2 between New York City and Northern Virginia, saying it "made perfect sense." The analyst noted that Amazon is eligible to receive nearly $2.1B in combined tax credits and cash grants, which likely played an important role in their decision. He also noted that Amazon having a local headquarters in Norther Virginia "further cements Amazon as the frontrunner for the Department of Defense's $10B Joint Enterprise Defense Infrastructure cloud computing contract."
11/13/18
BARD
11/13/18
NO CHANGE
BARD
Amazon selection of East Coast corridor for HQs makes sense, says Baird
Baird analyst Colin Sebastian noted that he'd predicted last October that Washington DC was "a slight favorite in the HQ2 sweepstakes," and he believes Amazon's (AMZN) selection of a second headquarters divided between Long Island City, NY and Arlington, Virginia "makes logical sense." He sees the primary motivation for the HQ split was talent availability, Sebastian added. The analyst maintains an Outperform rating and $2,100 price target on Amazon shares. Adding that "it did not receive the headlines of the HQ2 bidding process," Google (GOOGL) is said by the Wall Street Journal to be acquiring space for an additional 12-14K employees in New York, Sebastian also noted.
11/12/18
LBOW
11/12/18
NO CHANGE
LBOW
Neutral
Earnings commentary shows 'ample evidence' of hyperscale caution, says Longbow
Longbow analyst Joe Wittine said that Microsoft (MSFT) signaled along with its earnings report that growth in investments would moderate, Amazon (AMZN) highlighted a focus on driving data center efficiencies, Alphabet (GOOGL) is understood to be eh "the largest driver" of Seagate's (STX) lowered outlook and Apple (AAPL) expects FY19 capex of $14B, down from this year's $16.7B. Wittine sees all of this as "ample evidence of increased caution in the hyperscale investment cycle," which leads his to believe his Neutral ratings on both Seagate and Western Digital (WDC) remain appropriate.
WMT Walmart
$102.22

-0.73 (-0.71%)

11/08/18
BARD
11/08/18
NO CHANGE
Target $110
BARD
Outperform
Walmart headed for 'solid Q3 results' says Baird
Baird analyst Peter Benedict kept his Outperform rating and $110 price target on Walmart ahead of its Q3 results, saying he has an upward bias to its U.S. comps expectations after the management's "bullish" tone at last month's investor meeting. The analyst adds that the prospects for sustained momentum also appear to be good given the "multiple in-store and online initiatives converging" and the backdrop for consumer spending remaining firm.
11/02/18
SPHN
11/02/18
DOWNGRADE
Target $26
SPHN
Underweight
Synchrony downgraded to Underweight from Equal Weight at Stephens
Stephens analyst Vincent Caintic downgraded Synchrony (SYF) to Underweight from Equal Weight, citing the negative implications he sees from the lawsuit against the company from Walmart (WMT). Beyond the potential for over $800M in damages, the suit implies the Sam's Club account is lost, the Amazon (AMZN) account is "in jeopardy," and other retailers can be expected to "take a hard look" at their own relationships with Synchrony, Caintic believes. He lowered his price target on Synchrony shares to $26 from $32.
10/29/18
COWN
10/29/18
NO CHANGE
Target $120
COWN
Walmart price target raised to $120 from $115 at Cowen
Cowen analyst Oliver Chen raised his price target on Walmart to $120 from $115 following his meeting with management. The analyst said the company is well positioned in the retail race, citing its rapid acquisition of new brands combined with increasing same-day deliveries and a fresh food supply chain. Chen reiterated his Outperform rating on Walmart shares.
10/22/18
MKMP
10/22/18
NO CHANGE
Target $105
MKMP
Neutral
Walmart price target lowered to $105 at MKM Partners after analyst meeting
MKM Partners analyst Patrick McKeever nudged his price target on Walmart lower to $105 from $107 and also kept his Neutral rating after its annual meeting with the investment community, saying he has turned "more positive" on the outlook for the company's top line. The analyst cites Walmart's continued benefits coming from a "very favorable consumer backdrop, better store execution driven by wage/training investments, aggressive adaption of new technology, an improved fresh assortment, and strong momentum in e-commerce." McKeever anticipates more challenges for Walmart's profitability however because of wider e-commerce losses than anticipated in addition to incremental pressures coming from the fuel/transport costs and retail price investment.

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TLRD

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$179.26

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06:48
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$179.26

3.89 (2.22%)

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3.89 (2.22%)

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Earnings
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BAC

Bank of America

$27.04

0.79 (3.01%)

, C

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$63.46

2.13 (3.47%)

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$27.04

0.79 (3.01%)

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$63.46

2.13 (3.47%)

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JPMorgan

$107.73

2.52 (2.40%)

USB

U.S. Bancorp

$52.25

0.99 (1.93%)

WFC

Wells Fargo

$44.40

1.01 (2.33%)

GS

Goldman Sachs

$199.39

3.2 (1.63%)

MS

Morgan Stanley

$39.94

0.85 (2.17%)

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PCG

PG&E

$14.30

-0.08 (-0.56%)

06:44
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Periodicals
PG&E holds on to sole rights to devise chapter 11 exit plan, WSJ reports »

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LVGO

Livongo Health

$37.00

3.22 (9.53%)

06:42
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ACM

Aecom

$32.97

0.53 (1.63%)

06:38
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HCAT

Health Catalyst

$42.50

0.96 (2.31%)

06:37
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NYNY

Empire Resorts

$8.35

-0.145 (-1.71%)

06:37
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DECK

Deckers Brands

$134.33

1.39 (1.05%)

06:36
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WLL

Whiting Petroleum

$8.61

0.36 (4.36%)

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ARCC

Ares Capital

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CTVA

Corteva

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06:26
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FB

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PROS

ProSight

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AAPL

Apple

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POL

PolyOne

$31.01

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