Walmart (WMT) is set to report earnings for the fourth quarter of fiscal 2025 on Thursday morning, with analysts expecting rising sales and profits from the country's biggest retailer.

Twenty of the 21 analysts covering Walmart tracked by Visible Alpha have a "buy" or equivalent rating for the retailer's stock, but their average price target of $109 suggests little upside from Wednesday's closing price near last week's record highs.

The retail giant is expected to report $180.3 billion in revenue for the quarter, up nearly 4% year-over-year, along with adjusted earnings per share of 64 cents, up 7% from the year-ago quarter. If Walmart reports in line with analyst estimates, it could mark the first time that Walmart's quarterly revenue is lower than that of Amazon (AMZN), which reported $187.8 billion 澳洲幸运5官方开奖结果体彩网:earlier this month.

Analysts Expect Q4 Beat, Conservative Forecasts

A number of analysts have lifted their price target for Walmart stock in the weeks leading up to earnings, citing expectations that Walmart could continue gaining market share and topping analysts' estimates.

Morgan Stanley and Deutsche Bank analysts each recently lifted their price target to $115, while analysts from JPMorgan and Bank of America lifted their targets to $112 and $120, respectively.

Analysts from Melius Research wrote late last month that they see Walmart as able to "meaningfully beat" fourth-quarter estimates, and said that their "primary concern" is high expectations from the market. Melius and Morgan Stanley analysts said they expect Walmart will stick to its past trend of being conservative in its initial projections for fiscal 2026, but said they expect the retail giant's share price gains to continue this year.

“Against a backdrop of increased uncertainty owing to tariff and deportation policies, the market is rotating into quality and scale, seeking out share gainers that are in a position to mitigate these potential policy headwinds via bargaining power and superior, more highly automated supply chains," Morgan Stanley analysts wrote.

Walmart shares have gained nearly 80% over the past 12 months, at $104 Wednesday, not far from last Thursday's record close at $105.05.

UPDATE—Feb. 19, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.