Target Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Target Corp (NYSE:TGT) will unveil its latest earnings on Wednesday, August 17, 2011. Target Corporation operates general merchandise and food discount stores in the United States.

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Target Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 97 cents per share, a rise of 5.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1. Between one and three months ago, the average estimate moved down, but has risen from 96 cents during the last month. For the year, analysts are projecting net income of $4.13 per share, a rise of 3.2% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 99 cents per share versus a mean estimate of net income of 94 cents per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $16.15 billion in revenue this quarter, a rise of 4% from the year ago quarter. Analysts are forecasting total revenue of $69.9 billion for the year, a rise of 3.7% from last year’s revenue of $67.39 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and 10 rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 2.7% while it rose 10.6% in the fourth quarter of the last fiscal year and 22.7% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 2.2% to $15.94 billion in first quarter. The figure rose 2.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 2.2% in the third quarter of the last fiscal year from the year-ago quarter and 3.1% in the second quarter of the last fiscal year.

Competitors to Watch: Wal-Mart Stores, Inc. (NYSE:WMT), Costco Wholesale Corp. (NASDAQ:COST), Dollar Tree, Inc. (NASDAQ:DLTR), Dollar General Corp. (NYSE:DG), Gordmans Stores, Inc. (NASDAQ:GMAN), Sears Holdings (NASDAQ:SHLD), Walgreens (NYSE:WAG), CVS (NYSE:CVS), Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Fred’s, Inc. (NASDAQ:FRED), Best Buy (NYSE:BBY) and BJ’s Wholesale Club, Inc. (NYSE:BJ).

Stock Price Performance: During July 15, 2011 to August 12, 2011, the stock price had dropped $2.61 (-5.1%) from $51.09 to $48.48. The stock price saw one of its best stretches over the last year between September 7, 2010 and September 16, 2010 when shares rose for eight-straight days, rising 3.1% (+$1.60) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.4% (-$2.67) over that span. Shares are down $11.08 (-18.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.