Target (TGT) Tops Q3 EPS by 21c; Comps Outpace; Outlook Raised

Target (NYSE: TGT) reported Q3 EPS of $1.04, $0.21 better than the analyst estimate of $0.83. Revenue for the quarter came in at $0 versus the consensus estimate of $16.3 billion.

Comps fell 0.2 percent, versus a 1.1 percent drop expected.

GUIDANCE:

Target sees Q4 2016 EPS of $1.55-$1.75, versus the consensus of $1.60. Target raised its expectations for fourth quarter comparable sales and now expects growth in the range of (1.0) percent to 1.0 percent.

Target sees FY2016 EPS of $5.10-$5.30, versus prior guidance of $4.30-$5.20 and the consensus of $4.94.

For earnings history and earnings-related data on Target (TGT) click here.

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