Target Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Target Corp (NYSE:TGT) will unveil its latest earnings on Wednesday, November 16, 2011. Target operates general-merchandise and food discount stores in the United States.

Target Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 74 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 72 cents. Between one and three months ago, the average estimate moved up. It has risen from 73 cents during the last month. For the year, analysts are projecting net income of $4.22 per share, a rise of 5.5% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at profit of $1.03 a share versus the estimate of net income of 97 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.1% in revenue from the year-earlier quarter to $16.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold.

A Look Back: In the second quarter, profit rose 3.7% to $704 million ($1.03 a share) from $679 million (92 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.6% to $16.24 billion from $15.53 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 2.7% in the first quarter and 10.6% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 2.2% in the first quarter from the year earlier, climbed 2.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 2.2% in the third 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), Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Fred’s, Inc. (NASDAQ:FRED), and BJ’s Wholesale Club, Inc. (NYSE:BJ).

Stock Price Performance: During August 17, 2011 to November 10, 2011, the stock price had risen $1.22 (2.4%) from $50.55 to $51.77. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011 when shares rose for seven-straight days, rising 5.5% (+$2.74) 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% (-$2.65) over that span. Shares are down $7.42 (-12.5%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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