Target (NYSE: TGT) announces its next round of earnings this Tuesday, March 3. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.
Earnings and Revenue
Target EPS will likely be near $1.66 while revenue will be around $23.49 billion, according to analysts.
In the same quarter last year, Target reported earnings per share of $1.53 on sales of $22.98 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 8.50%. Revenue would be up 2.23% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
|Quarter||Q3 2019||Q2 2019||Q1 2019||Q4 2018|
Over the last 52-week period, shares are up 41.8%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The most common rating by analysts on Target stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Target is scheduled to hold a conference call at 9:00 a.m. ET and can be accessed here: https://events.qwikcast.tv/public/QwikCast/QwikCastEvent?eventKey=d68dfeb9-ee46-47b8-9755-90f1a081fd2d