Target is rated Zacks Rank #2 (Buy), with the consensus estimate for the current quarter rising 8.5% over the last 30 days to $2.05 per share, a year-over-year change of +15.2%. The consensus earnings estimate of $10.43 for the current fiscal year indicates a year-over-year change of +37.8% and has changed +5% over the last 30 days, while the next fiscal year's consensus estimate of $9.38 indicates a change of -10% and has changed +4.2% over the past month. For the current quarter, the consensus sales estimate of $26.32 billion indicates a year-over-year change of +4.2%, and for the current and next fiscal years, $109.81 billion and $113.24 billion estimates indicate +4.8% and +3.1% changes, respectively. Target reported revenues of $26.54 billion in the last reported quarter, a year-over-year change of +5.3%, with EPS of $2.46 versus $2.05 a year ago, beating the Zacks Consensus Estimate of $26.13 billion by a revenue surprise of +1.57% and an EPS surprise of +6.96%. The company beat consensus EPS estimates in each of the trailing four quarters and topped consensus revenue estimates two times over this period, and it is graded B on the Zacks Value Style Score, indicating it is trading at a discount to its peers.
Target CorporationZacks Rank #2 (Buy) with consensus quarterly EPS estimate up 8.5% in 30 days and prior-quarter EPS/revenue beats.
