Earnings Preview: Target
Portfolio Pulse from Benzinga Insights
Target (NYSE:TGT) is set to release its quarterly earnings report on Wednesday, 2023-08-16, with an estimated EPS of $1.41. Last quarter, the company beat EPS by $0.29, but the share price dropped by 4.21% the next day. Over the last 52-week period, shares are down 26.69%.
August 15, 2023 | 2:01 pm
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NEGATIVE IMPACT
Target's upcoming earnings report could impact its stock price. Despite beating EPS last quarter, the share price dropped by 4.21%. The stock is down 26.69% over the last 52 weeks.
Target's stock price has been negatively affected in the past despite beating EPS estimates. Given the stock's overall downward trend over the past year, the upcoming earnings report could further impact the stock price negatively, especially if the company fails to meet or exceed the estimated EPS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100