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Target (TGT)
NYSE:TGT
Holding TGT?
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.22Last Year’s EPS
2.98Same Quarter Last Year
Moderate Buy
Based on 30 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2018
|% Change Since: -13.73%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected positive momentum in terms of profitability and operational efficiency, despite ongoing challenges with sales and traffic declines due to economic pressures on consumers.Company Guidance
During the third quarter earnings call for Target Corporation, the executives provided guidance with a strong emphasis on profitability improvements and cautious inventory management. Despite a 4.9% decline in comparable sales, which was aligned with expectations, the company reported a third quarter EPS of $2.10, exceeding forecasts and marking a 36% increase from the previous year. Inventory levels were down 14% from a year ago, reflecting disciplined management, while discretionary category inventory decreased by 19%. Executives highlighted the robustness of same-day services, with Drive-Up expanding by 12%, and a strategic focus on enhancing digital fulfillment capabilities. Target maintained a guidance of mid-single-digit decline for fourth-quarter comparable sales, with an EPS range of $1.90 to $2.60, taking into account the typically promotional holiday season and the additional 53rd week of sales. The company reiterated its commitment to long-term initiatives to drive top-line growth and continued profitability, with a full-year CapEx expectation near the high end of the $4 billion to $5 billion range, supporting store investments and digital enhancements.Strong Profitability Improvement
EPS through the first 3 quarters of 2023 was more than 40% higher than last year and more than 26% higher than in 2019. The third quarter EPS of $2.10 was well above expectations and more than 36% ahead of last year.
Effective Inventory Management
Total inventory on the balance sheet was 14% lower than a year ago, with discretionary category inventory down 19%.
Operational Efficiency Gains
Significant improvements in in-stock metrics, with overall in-stocks improving nearly 1 percentage point compared with Q2 and more than 3 percentage points from a year ago.
Strong Beauty Segment Performance
Comparable sales growth in Beauty was in the high single digits, driven by core Beauty and Ulta Beauty at Target offerings.
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TGT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $154.88 | $121.72 | -21.41% |
| Aug 21, 2024 | $142.18 | $158.11 | +11.20% |
| May 22, 2024 | $153.46 | $141.14 | -8.03% |
| Mar 05, 2024 | $147.24 | $164.94 | +12.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Target (TGT) report earnings?
Target (TGT) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Target (TGT) earnings time?
Target (TGT) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGT EPS forecast?
TGT EPS forecast for the fiscal quarter 2024 (Q4) is 2.22.
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