Target (NYSE: TGT ) is expected to report Q3 earnings on Nov. 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Target's revenues will expand 3.4% and EPS will wane -1.2%.
The average estimate for revenue is $16.96 billion. On the bottom line, the average EPS estimate is $0.81.
Last quarter, Target tallied revenue of $16.78 billion. GAAP reported sales were 3.3% higher than the prior-year quarter's $16.24 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.06. GAAP EPS of $1.06 for Q2 were 2.9% higher than the prior-year quarter's $1.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.0%, 50 basis points worse than the prior-year quarter. Operating margin was 7.5%, 50 basis points worse than the prior-year quarter. Net margin was 4.2%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $73.24 billion. The average EPS estimate is $4.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,404 members out of 2,637 rating the stock outperform, and 233 members rating it underperform. Among 787 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 734 give Target a green thumbs-up, and 53 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Target is outperform, with an average price target of $63.72.
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