Target First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Target Corp (NYSE:TGT) will unveil its latest earnings on Wednesday, May 16, 2012. 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 net income of $1.01 per share, a rise of 2% 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 96 cents. Between one and three months ago, the average estimate moved up. It has risen from $1 during the last month. Analysts are projecting profit to rise by 1.6% compared to last year’s $4.25.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 10 cents, reporting profit of $1.49 per share against a mean estimate of net income of $1.39 per share.

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Wall St. Revenue Expectations: On average, analysts predict $16.84 billion in revenue this quarter, a rise of 5.6% from the year-ago quarter. Analysts are forecasting total revenue of $73.34 billion for the year, a rise of 5% from last year’s revenue of $69.86 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 12 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 5.2% to $981 million ($1.44 a share) from $1.03 billion ($1.43 a share) the year earlier, but exceeded analyst expectations. Revenue rose 3% to $21.29 billion from $20.66 billion.

Stock Price Performance: Between February 14, 2012 and May 10, 2012, the stock price rose $3.04 (5.8%), from $52.27 to $55.31. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 4% (+$2.26) over that span. It saw one of its worst periods between December 27, 2011 and January 5, 2012 when shares fell for seven straight days, dropping 6.9% (-$3.58) over that span.

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

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