Target Q3 Adjusted EPS Outlook Of $2.10-$2.40 Vs. $2.27 Estimate
Portfolio Pulse from Benzinga Newsdesk
Target has updated its Q3 and full-year guidance. For Q3, it expects an adjusted EPS of $2.10-$2.40, slightly below the $2.27 estimate. The company anticipates a 0-2% increase in comparable sales, with the full-year EPS now projected at $9.00-$9.70, up from $8.60-$9.60.
August 21, 2024 | 10:33 am
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Target's Q3 guidance shows an adjusted EPS of $2.10-$2.40, slightly below the $2.27 estimate. The company expects a 0-2% increase in comparable sales and has raised its full-year EPS guidance to $9.00-$9.70.
Target's Q3 EPS guidance is slightly below estimates, which may cause some concern among investors. However, the increase in full-year EPS guidance suggests confidence in future performance, balancing the short-term impact.
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