Target Raises FY24 Adjusted EPS Outlook To $9.00-$9.70 From $8.60-$9.60 Prior, Vs. $9.36 Estimate
Portfolio Pulse from Benzinga Newsdesk
Target has raised its FY24 adjusted EPS outlook to $9.00-$9.70 from the previous $8.60-$9.60, citing strong profit performance in the first half of the year. The company expects a 0 to 2 percent increase in comparable sales for the third quarter, with GAAP and adjusted EPS projected at $2.10 to $2.40.
August 21, 2024 | 10:34 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Target has increased its FY24 adjusted EPS guidance to $9.00-$9.70, reflecting strong profit performance. The company anticipates a modest increase in comparable sales for Q3, with EPS expected between $2.10 and $2.40.
Target's upward revision of its EPS guidance indicates strong financial performance, which is likely to positively impact its stock price. The modest sales growth expectation for Q3 suggests stable business operations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100