Target Q1 Adj. EPS Outlook: $1.70 - $2.10 Vs, $2.09 Estimate, Comparable Sales (3)% - (5%)
Portfolio Pulse from Benzinga Newsdesk
Target forecasts a Q1 adjusted EPS of $1.70 to $2.10, below the $2.09 estimate, and expects comparable sales to decline by 3% to 5%.
March 05, 2024 | 11:34 am
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NEGATIVE IMPACT
Target projects a lower-than-expected Q1 adjusted EPS and a decline in comparable sales.
Target's projection of a lower-than-expected adjusted EPS and a decline in comparable sales indicates potential negative sentiment among investors, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100