Target Q2 Adj. EPS $1.80 Beats $1.39 Estimate, Sales $24.77B Miss $25.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Target Corporation (NYSE:TGT) reported Q2 earnings of $1.80 per share, beating the analyst consensus estimate of $1.39 by 29.5%. This is a 361.54% increase from the same period last year. However, the company's quarterly sales of $24.77 billion missed the analyst consensus estimate of $25.18 billion by 1.62%, marking a 4.85% decrease from the same period last year.
August 16, 2023 | 10:30 am
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NEUTRAL IMPACT
Target's Q2 earnings surpassed estimates, but sales fell short. This mixed report may lead to uncertain short-term price movements.
Target's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed sales estimates could negatively impact the stock price as it indicates a potential slowdown in growth. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100