Walmart Q3 2025 Earnings Preview: Could Strong EPS Growth Fuel a Bullish Reversal?

Walmart is set to report its Q3 2025 earnings on Wednesday, 20 November, and analysts are anticipating a positive outcome. Based on forecasts from 11 analysts, Walmart is expected to post an EPS of $0.61, representing a 5.17% increase from last year’s $0.58 EPS. This projected growth may help support a continued bullish trend in the share price.

However, earnings alone should be assessed alongside income statements, balance sheets, and cashflow data to build a complete picture of Walmart’s financial strength.

Share Price Performance Suggests Possible Overvaluation

Walmart’s share price has already risen 16.95%, climbing from $85.32 in 2024 to $99.78 in 2025. This strong upward move may suggest the stock is approaching overvalued levels, potentially limiting immediate upside following the earnings release.

Despite this, previous earnings reports for Q1 and Q2 still resulted in bullish momentum—so the same pattern could emerge again if Q3 results exceed expectations.

Technical Indicators Point Towards a Possible Bullish Reversal

From a technical analysis perspective, Walmart’s chart shows several signs of a potential bullish reversal:

• Price is touching the lower Bollinger Band, indicating a possible bounce.
• RSI is nearing oversold territory, signalling bearish exhaustion.
• Price action is approaching a key support zone, historically associated with upward reversals.
• Recent market consolidation, reflected by small MACD histograms and reduced volume, suggests traders are waiting for the earnings announcement before committing to new positions.

Together, these factors imply that Walmart may be gearing up for a bullish move, especially if earnings exceed expectations.

Strong Fundamentals Support Long-Term Growth

Fundamentally, Walmart remains robust:

• P/E ratio: 37.77 – indicating fair value.
• Forward P/E: 33.98 – suggesting improving value.
• Analyst price targets range from $105.37 (5.60% upside) to $111.24 (11.49% upside).
• Some analysts see levels as high as $116.54 (14.94% upside), implying the stock may still be undervalued.

These valuations support the narrative that Walmart is positioned for continued growth, provided earnings align with expectations.

Outlook for Traders and Investors

With technical and fundamental factors hinting at a potential bullish reversal, both investors and traders may begin identifying entry opportunities.

However, to minimise risk, it may be prudent to wait for Walmart’s official Q3 earnings report before taking action. Clear results could provide stronger confirmation of direction and help maximise potential upside.