Target Sees 10% EPS Decline to $2.17 on $30.54B Revenue Forecast
Target is forecast to post Q4 earnings of $2.17 per share, down 10% year over year, on revenues of $30.54 billion, a 1.2% decline, when it reports on March 3. Its Earnings ESP of –2.24% alongside a Zacks Rank #2 reflects growing analyst caution ahead of the release.
1. Consensus Forecast
Analysts expect Target to report Q4 earnings of $2.17 per share, marking a 10% decrease from the prior year, on projected revenues of $30.54 billion, down 1.2% from the year-ago quarter, with results due on March 3.
2. Earnings ESP and Zacks Rank
The Most Accurate Estimate stands below the consensus, producing an Earnings ESP of –2.24%, while the company carries a Zacks Rank of #2, indicating moderate caution among covering analysts.
3. Historical Surprise Performance
Over the last four quarters, Target has beaten consensus EPS estimates twice and delivered a 1.14% surprise in the most recent period by posting $1.78 versus the expected $1.76 per share.
4. Market Implications
A stronger-than-expected EPS or revenue result could drive near-term upside, but sustained stock movement will hinge on management’s discussion of business conditions during the earnings call.