爲何高盛仍力挺沃爾瑪
高盛表示，在不確定的經濟環境下，沃爾瑪(WMT.US)仍是值得持有的零售股。高盛零售分析師Kate McShane重申對沃爾瑪的“買入”評級，目標價爲160美元，較當前股價水平有8%的上漲空間。
分析師給出了三個看好沃爾瑪的理由：1)強勁的營收趨勢以及市場份額的增長;2)庫存狀況改善下，降價壓力的減緩應該能支撐利潤率;3)長期增長模式(經營利潤增長4%甚至更多)保持不變。
週二美股盤前，沃爾瑪公佈了其2022年第三季度財務業績。財報顯示，沃爾瑪Q3營收同比增長8.8%至1528億美元，較市場預期高出60億美元;美國同店銷售額同比增長8.2%，好於市場普遍預期的3.5%。經調整後的每股收益爲1.5美元，較市場預期高出0.18美元。庫存同比增長12.4%，增速低於第二季度的25%。
此外，沃爾瑪給出的業績指引也好於預期。對於2023年，沃爾瑪預計淨銷售額將增長5.5%，此前預期增長4.5%，市場預期爲5.06%;在美國的同店銷售額預計增長約5.5%(不包括燃料);綜合調整後的營業利潤預計同比下降6.5%至7.5%，此前預期爲下降9.0%至11.0%;調整後每股收益預計將下降6%-7%，市場預期爲下降9.5%。
沃爾瑪首席財務官John David Rainey表示：“面對相當具有挑戰性的宏觀環境，我們看到消費者在尋找價值。沃爾瑪的價值主張現在確實引起了消費者的共鳴。”
市場和分析師似乎都認同這一點。除了高盛之外，Jefferies分析師Corey Tarlowe也認爲：“展望未來，庫存改善、廣告業務規模擴大、以及在高收入家庭中獲得更多份額將爲沃爾瑪的股價提供上行空間。”美國銀行分析師Robert Ohmes也指出，沃爾瑪在艱難的消費環境中獲得了更多的市場份額，該公司在具有挑戰性的經濟背景下吸引更廣泛的消費者的強大價值、以及其在食品雜貨領域的市場份額獲得更多增長，將爲其持續增長提供支撐。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
