Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points:The Q2 earnings season produced an overall stable picture of corporate profitability, with management teams generally providing a reassuring view of the economic ground reality. That said, question marks have emerged about the outlook, as estimates for the current pe ...

Key TakeawaysThe S&P 500 added 0.4% on Wednesday, Aug. 21, as the latest Fed meeting minutes showed most officials agreed it was almost time to lower interest rates.Shares of Target and TJX moved higher as increased store traffic helped both retailers achieve sales growth.American Express shares fell after BofA analysts downgraded the stock, citing an uncertain outlook for consumer spending. Major U.S. equities indexes turned higher on Wednesday as investors digested retailer earnings and minutes of the Fed ...

The retail sector is in focus today, with earnings from Macy's (M) and Target (TGT) to unpack. TJX Companies Inc (NYSE:TJX) also announced quarterly results earlier, with both its top- and bottom-line beating analysts' expectations for the second quarter. At last check, TJX was up 6.2% to trade at $120.40, after the company also raised its full-year profit forecast.The shares surged to a record high of $120.89 earlier, and are on track for their third-straight daily pop and best single-day percentage gain s ...

Consumers are still feeling thrifty, but they may be starting to spend more freely. That was one takeaway from earnings reports from retailer Target (TGT), TJX Companies (TJX), and Macy’s (M) on Wednesday morning.  Target and TJX were two of the S&P 500's best-performing stocks Wednesday, rising more than 11% and 5%, respectively, after each topped earnings estimates and pointed to green shoots in the outlook for consumer spending. The results came after a report last week that showed U.S. retail sales inc ...

Target Corporation TGT shares are trading higher after the company reported better-than-expected second-quarter financial results and raised its outlook.Target has raised its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60. This new outlook compares to an estimate of $9.36.Analysts covering the retail behemoth provided their takes:JP Morgan analyst Christopher Horvers reiterated a Neutral rating.Goldman Sachs analyst Kate McShane reiterated the ...

Yes, Target beat earnings. But with growth slowing, it may no longer be a stock worth buying.Target (TGT 12.44%) stock exploded 12% higher through 11:15 a.m. after the company beat Wall Street analyst forecasts for second-quarter sales and earnings Wednesday morning.Heading into the quarter, analysts forecast Target would earn $2.18 per share on sales of $25.2 billion -- but Target beat those forecasts with a stick. Sales were $25.4 billion, while earnings came in at a strong $2.57 per share. Target's Q2 ea ...

Daniel GrizeljIntroduction It's time to talk about a fascinating company. Target Corporation (NYSE:TGT) isn't just one of America's favorite consumer stocks, but also a company studied intensively by supply chain and transportation experts, as it tells us so much about the state of the consumer and the transportation industry. According to Statista, which used Journal of Commerce data, Target imported close to 780,000 TEUs in 2022. In this case, TEU stands for twenty-foot equivalent unit containers. Onl ...

Target (TGT) executives addressed the health of the American consumer, the importance of the retailer's same-day services, and more in Wednesday's second-quarter earnings call. Target's Q2 results surpassed estimates, sending its stock up 12% as of 11:30 a.m. ET Wednesday. The retailer also lifted its outlook for full-year earnings per share (EPS), but said it expects comparable store sales on the low end of its prior projection of flat to 2% growth. Discretionary Spending Outlook Target Chief Commercia ...

To gain an edge, this is what you need to know today.Resilient ConsumerPlease click here for an enlarged chart of Target Corp TGT.Note the following:This article is about the big picture, not an individual stock.  The chart of TGT stock is being used to illustrate the point.The U.S. economy is 70% consumer based.  Therefore, prudent investors keep a close eye on consumer behavior.  Lately, there has been a lot of conflicting data about the consumer.This morning, there is new data about consumer behavior fro ...

Target Corporation (TGT) came up with second-quarter fiscal 2024 results, wherein the top and bottom lines not only beat the Zacks Consensus Estimate but also improved year over year. The company achieved comparable sales growth in the quarter, rebounding from past challenges. The retail bellwether witnessed increased traffic both in stores and across digital channels. Markedly, trends improved in discretionary categories, particularly in apparel, along with continued strength in the beauty segment.Followin ...