Target Earnings Preview: Get Ahead of the Analysts
Target (NYSE:TGT) will report earnings before markets open on Wednesday, May 22nd. Target Corporation operates general merchandise discount stores in the United States. The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards.
Here is your Cheat Sheet to Target Earnings:
Earnings Expectations: Analysts expect earnings of $0.86 per share on revenues of $16.85 billion. Currently, the company’s P/E ratio stands at 15.57.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.1 to a profit $1.05. For the current year, the average estimate is a profit of $4.48, which is worse than the estimate ninety days ago.
Here’s how Target has been performing on an annual basis:
|Revenue ($) in millions||64,950||65,360||67,390||69,860||73,300|
|Diluted EPS ($)||2.86||3.30||4.00||4.28||4.52|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jan. 31, 2012||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||21,290||16,870||16,780||16,930||22,730|
|Diluted EPS ($)||1.454||1.04||1.06||0.96||1.465|
Target has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)