Target Corp. (TGT) Posts Mixed Q3, Outlook
Tweet
Share
E-mail
Get Alerts TGT Hot Sheet
Price: $131.46 +2.72%
EPS Growth %: +9.8%
Financial Fact:
Earnings before income taxes: 919M
Today's EPS Names:
REPL, ANIX, PODC, More
EPS Growth %: +9.8%
Financial Fact:
Earnings before income taxes: 919M
Today's EPS Names:
REPL, ANIX, PODC, More
Join SI Premium – FREE
Target Corp. (NYSE: TGT) reported Q3 adjusted EPS of $0.84 and GAAP EPS of $0.54, versus the analyst estimate of $0.63. Revenue for the quarter came in at $17.26 billion versus the consensus estimate of $17.38 billion.
Comps up 0.9 percent.
Sees Q4 2013 adjusted EPS of $1.50-$1.60 and GAAP EPS centered around $1.26, which may not compare to the consensus of $1.45.
Sees FY2013 EPS of $4.59-$4.69 and GAAP EPS in a range centered around $3.52, which may not compare with the consensus of $3.86.
"Target’s third quarter financial results reflect continued strong execution in our U.S. Segment in an environment where consumer spending remains constrained,” said Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation. “As our focus shifts to the fourth quarter, we are intently focused on delivering outstanding merchandise, an easy, fun shopping experience and an unbeatable combination of everyday low prices, weekly ad discounts, 5% REDcard Rewards and price match policies throughout the U.S. and Canada. And, in our Canadian Segment, we are also focused on improving performance as we transition from opening to operating our 124 stores."
For earnings history and earnings-related data on Target Corp. (TGT) click here.
Comps up 0.9 percent.
Sees Q4 2013 adjusted EPS of $1.50-$1.60 and GAAP EPS centered around $1.26, which may not compare to the consensus of $1.45.
Sees FY2013 EPS of $4.59-$4.69 and GAAP EPS in a range centered around $3.52, which may not compare with the consensus of $3.86.
"Target’s third quarter financial results reflect continued strong execution in our U.S. Segment in an environment where consumer spending remains constrained,” said Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation. “As our focus shifts to the fourth quarter, we are intently focused on delivering outstanding merchandise, an easy, fun shopping experience and an unbeatable combination of everyday low prices, weekly ad discounts, 5% REDcard Rewards and price match policies throughout the U.S. and Canada. And, in our Canadian Segment, we are also focused on improving performance as we transition from opening to operating our 124 stores."
For earnings history and earnings-related data on Target Corp. (TGT) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SpaceX: New Street Research sees 22% upside from proposed IPO price
- MoffettNathanson cuts Chewy to neutral as growth slows, target slashed
- McGraw Hill (MH) Tops Q1 EPS by 15c, Beats on Revenue; Offers FY26 Revenue Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
