Company Performance - Target's stock closed at $101.74, down 2.27% from the previous trading session, underperforming the S&P 500 which had a daily loss of 0.01% [1] - Over the past month, Target's stock has increased by 6.85%, outperforming the Retail-Wholesale sector's gain of 4.91% and the S&P 500's gain of 0.78% [1] Upcoming Financial Results - Target is expected to report an EPS of $2.16, reflecting a 10.37% decline compared to the same quarter last year [2] - Revenue is anticipated to be $30.56 billion, down 1.14% from the prior-year quarter [2] Annual Forecast - For the entire year, earnings are forecasted at $7.3 per share and revenue at $104.89 billion, indicating declines of 17.61% and 1.57% respectively compared to the previous year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Target should be monitored, as they reflect short-term business trends and can indicate analyst optimism regarding profitability [4] Zacks Rank and Estimate Changes - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Target at 3 (Hold) [6] - Over the last 30 days, the Zacks Consensus EPS estimate has seen a slight increase of 0.04% [6] Valuation Metrics - Target's Forward P/E ratio is 14.27, which is a discount compared to the industry average of 28.76 [7] - The PEG ratio for Target is 11.32, significantly higher than the industry average PEG ratio of 3.1 [7] Industry Context - The Retail - Discount Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 15, placing it in the top 7% of over 250 industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Here's Why Target (TGT) Fell More Than Broader Market