Earnings Outlook For Target
Portfolio Pulse from Benzinga Insights
Target (NYSE:TGT) is anticipated to release its quarterly earnings report on Tuesday, with analysts expecting an EPS of $2.41. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Target's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Currently, shares are trading at $155.29, down 7.08% over the last 52 weeks, indicating potential concern among long-term shareholders ahead of the earnings release.
March 04, 2024 | 5:00 pm
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Target is expected to report quarterly earnings with an EPS of $2.41. Past performance and current share price trends suggest investor caution.
The expected EPS of $2.41 and historical performance indicate potential for a positive surprise, but the 7.08% decline in share price over the past year and mixed reactions to past earnings suggest a cautious outlook. The short-term impact is neutral as positive earnings could counterbalance the negative trend, but investor sentiment remains wary.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100