Wall Street's Insights Into Key Metrics Ahead of Target (TGT) Q2 Earnings

Core Viewpoint - Analysts forecast a decline in Target's quarterly earnings and revenues, with earnings per share expected to be $2.05, reflecting a year-over-year decrease of 20.2%, and revenues projected at $24.9 billion, down 2.2% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.4% in the last 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Total Revenue- Sales- Apparel & accessories' at $4.09 billion, a decrease of 4.1% year-over-year [5]. - The estimate for 'Total Revenue- Sales- Beauty & household essentials' is $3.27 billion, indicating a significant decline of 58.8% from the prior year [5]. - 'Total Revenue- Sales- Food & beverage' is expected to reach $5.50 billion, down 0.8% from the previous year [6]. - 'Total Revenue- Sales- Other' is projected at $42.73 million, reflecting a decrease of 2.9% year-over-year [6]. Store Metrics - The total number of stores is estimated to be 1,987, compared to 1,966 a year ago [6]. - 'Retail Square Feet - Total' is projected at 250 million square feet, up from 247 million square feet in the same quarter last year [7]. - 'Retail Square Feet - 50,000 to 169,999 sq. ft' is expected to be 196 million square feet, compared to 194 million square feet a year ago [7]. - 'Digitally Originated Comparable Sales Change' is anticipated to be 6.1%, down from 8.7% in the previous year [8]. Stock Performance - Target shares have increased by 0.6% over the past month, while the Zacks S&P 500 composite has risen by 3.3% [11]. - Target holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [11].