Target Corp (NYSE:TGT) is 9.7% higher before the bell, after the retailer reported fourth-quarter earnings and revenue that beat Wall Street's estimates. The company saw profits of $2.98 per share on $31.92 billion in revenue, and announced a new membership program. On the other hand, Target's comparable sales declined for the third-straight quarter, and it forecasted another year of declining sales.Today's premarket gains have TGT on track to open above $164, its highest trading level since May. Shares are ...

Target on Tuesday reported higher holiday-quarter earnings on a smaller-than-expected sales decline and predicted that annual comparable sales would come in largely above Wall Street expectations, sending its shares up as much as 11% in premarket trading. The mass merchandiser is banking on same-day services, product launches and a new membership program to boost spending at its stores.Target reported adjusted earnings of $2.98 per share in the fourth quarter, compared to $1.89 per share in the same period ...

Target Corp (NYSE: TGT) is trading up in premarket on Tuesday after reporting upbeat results for its fiscal fourth quarter as the team “maintained appropriate inventory levels”. Target stock up despite muted guidanceCopy link to sectionInvestors are content even though the retail behemoth warned of another year of weak sales. $TGT expects comparable sales to be down 3.0% to 5.0% in Q1 on $1.70 to $2.10 of per-share earnings. Analysts, in comparison, were at a 3.6% decline and $2.08 per share, respectively. ...

MINNEAPOLIS, March 5, 2024 /PRNewswire/ -- Q4 2023 Highlights     Comparable sales and traffic trends improved sequentially for the second quarter in a row. Same-day services (in-store pickup, Drive Up, and Shipt), which represent more than 10 percent of total sales, increased 13.6 percent in the quarter, led by growth in Drive Up. GAAP and Adjusted EPS1 of $2.98 was 57.6 percent higher than last year, and well-above the high end of the expected range of $1.90 to $2.60. Full-Year 2023 Highlights Full-ye ...

The Target logo is seen on its store on 42nd Street in Times Square, New York City.Target will report its holiday-quarter results and year-ahead outlook on Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting for the company's fourth quarter:Earnings per share: $2.41 expectedRevenue: $31.83 billion expectedTarget, which sells a lot of discretionary merchandise such as clothing and home goods, has posted declining comparable sales for two quarters in a row. Th ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Target (TGT) , which belongs to the Zacks Retail - Discount Stores industry.When looking at the last two reports, this retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 34.78%, on average, in the last two quarters.For the most recent quarter, Target was expected to post earnings of $1.48 per share, but ...

Exhibit 99 FOR IMMEDIATE RELEASE Contacts: John Hulbert, Investors, (612) 761-6627 Jennifer Kron, Media, (612) 696-3400 Target Corporation Reports Fourth Quarter and Full-Year 2023 Earnings Q4 2023 Highlights • Comparable sales and traffic trends improved sequentially for the second quarter in a row. • Same-day services (in-store pickup, Drive Up, and Shipt), which represent more than 10 percent of total sales, increased 13.6 percent in the quarter, led by growth in Drive Up. • GAAP and Adjusted EPS1 of $2. ...

Investors are always looking for stocks that are poised to beat at earnings season and Target Corporation (TGT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Target is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indi ...

Key PointsTarget stock has been beaten down in the past couple of years after some big financial plans by management.What seems to be a negative is an opportunity in disguise for those who know how to look. The new capital cycle for the stock is attracting analysts to boost their price targets.5 stocks we like better than Ulta BeautyInvesting in stocks differs from buying bonds and other vehicles like commodities because they are exposed to two different cycles. Bonds perform based on the credit cycle set b ...

Wall Street analysts expect Target (TGT) to post quarterly earnings of $2.41 per share in its upcoming report, which indicates a year-over-year increase of 27.5%. Revenues are expected to be $31.88 billion, up 1.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclos ...