Target Q4 Adj. EPS $2.98 Beats $2.41 Estimate, Sales $31.92B Beat $31.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Target (NYSE:TGT) reported Q4 adjusted EPS of $2.98, surpassing the $2.41 estimate, and sales of $31.92B, exceeding the $31.83B estimate. This represents a 57.67% increase in earnings and a 1.67% increase in sales from the same period last year.
March 05, 2024 | 11:30 am
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POSITIVE IMPACT
Target's Q4 earnings and sales exceeded analyst expectations, with a significant increase in earnings per share and a slight increase in sales compared to last year.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance in earnings per share, coupled with a sales increase, underscores Target's strong financial health and operational efficiency, likely bolstering investor confidence and demand for TGT shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100