Insights Into Target (TGT) Q3: Wall Street Projections for Key Metrics

Core Insights - Target (TGT) is expected to report quarterly earnings of $1.76 per share, reflecting a decline of 4.9% year-over-year, with revenues projected at $25.36 billion, down 1.2% from the previous year [1] - The consensus EPS estimate has been revised downward by 0.9% in the last 30 days, indicating a reassessment by analysts [1][2] Revenue Estimates - Analysts estimate 'Net Sales- Merchandise sales- Beauty & household essentials' at $3.16 billion, a significant decline of 60.4% year-over-year [4] - The 'Net Sales- Merchandise sales- Food & beverage' is forecasted at $5.88 billion, showing a slight decrease of 0.6% from the previous year [4] - 'Net Sales- Merchandise sales- Hardlines' is projected to reach $3.10 billion, indicating a decline of 1.5% year-over-year [5] - 'Net Sales- Merchandise sales- Other' is expected to be $29.91 million, down 0.3% from the year-ago quarter [5] Store and Retail Space Metrics - The total number of stores is estimated to be 1,988, an increase from 1,978 a year ago [5] - Total retail square footage is projected at 250 million square feet, up from 248 million square feet year-over-year [6] - Retail square footage for stores between 50,000 to 169,999 sq. ft is expected to reach 196 million square feet, compared to 195 million square feet last year [6] Comparable Sales and Digital Metrics - 'Digitally Originated Comparable Sales Change' is expected to be 4.9%, down from 10.8% in the same quarter last year [7] - The number of stores under 49,999 sq. ft is projected to be 149, up from 146 in the same quarter last year [8] - The number of stores between 50,000 to 169,999 sq. ft is estimated at 1,566, an increase from 1,559 year-over-year [8] - The number of stores 170,000 sq. ft or more is expected to remain at 273, unchanged from the previous year [9] Stock Performance - Over the past month, Target shares have returned +0.6%, compared to a +1.4% change in the Zacks S&P 500 composite [9]