Bentonville, Arkansas-based Walmart Inc. (WMT) runs supermarkets, warehouse clubs, cash and carry stores, and discount stores. With a market cap of $764.9 billion, Walmart operates through Walmart U.S., Walmart International, and Sam's Club segments. The retail giant is expected to announce its second-quarter results on Thursday, August 21.

Ahead of the event, analysts expect Walmart to report a profit of $0.72 per share, up 7.5% from $0.67 per share reported in the year-ago quarter. Moreover, the company has consistently surpassed the Street’s bottom-line estimates in each of the past four quarters.

For the full fiscal 2026, Walmart’s EPS is expected to come in at $2.60, up 3.6% from $2.51 reported in fiscal 2025. In fiscal 2026, its earnings are expected to further surge 11.5% year-over-year to $2.90 per share.

Walmart’s stock prices have soared 35.4% over the past 52 weeks, significantly outperforming the S&P 500 Index’s ($SPX) 14.5% gains and the Consumer Staples Select Sector SPDR Fund’s (XLP) 4.9% uptick during the same time frame.

Despite reporting better-than-expected results, Walmart’s stock price observed a marginal dip in the trading session following the release of its Q1 results on May 15. Driven by solid comparable sales growth, the company’s total revenues for the quarter grew 2.5% year-over-year to $165.6 billion, surpassing the Street expectations. Further, its adjusted EPS inched up by a modest 1.7% year-over-year to $0.61, beating the consensus estimates by 7%. Following the initial decline, WMT stock prices gained nearly 2% in the subsequent trading session.

Analysts remain optimistic about Walmart’s prospects; the stock holds a consensus “Strong Buy” rating overall. Of the 36 analysts covering the stock, opinions include 29 “Strong Buys,” six “Moderate Buys,” and one “Hold.” Its mean price target of $110.86 suggests a 15.9% upside potential from current price levels.