Target Shares Slip 2.87% to $113.34 Ahead of March 3 Earnings
Target shares dropped 2.87% to $113.34 on Feb 23, underperforming the S&P 500's 1.04% decline despite a 7.95% one-month gain. Analysts forecast March 3 earnings of $2.17 EPS (-9.96% y/y) and $30.54 billion revenue (-1.22% y/y), with full-year EPS and revenue estimates down 17.61% and 1.59%.
1. Shares Underperform Market
On Feb 23, Target shares closed at $113.34, down 2.87%, underperforming the S&P 500's 1.04% drop. This pullback contrasted with the stock's 7.95% gain over the prior month, outpacing the Retail-Wholesale sector's 3.1% loss.
2. Analysts' Earnings and Valuation Forecasts
Analysts expect Target to report $2.17 EPS on March 3, a 9.96% year-over-year decline, and revenue of $30.54 billion, down 1.22%. Full-year estimates call for $7.30 EPS (-17.61%) and $104.87 billion revenue (-1.59%), with a forward P/E of 15.03 versus a 28.28 industry average.