Target (TGT) Tops Q2 EPS by 7c, Has Best Comp in 13 Years

Target (NYSE: TGT) reported Q2 EPS of $1.47, $0.07 better than the analyst estimate of $1.40. Revenue for the quarter came in at $17.8 billion versus the consensus estimate of $17.31 billion.

• comparable sales growth of 6.5 percent and traffic growth of 6.4 percent, the best comp at Target in 13 years.

GUIDANCE:

Target sees Q3 2018 EPS of $1.00-$1.20, versus the consensus of $1.08.

• expects comparable sales growth in line with the 4.8 percent comparable sales growth the company delivered in the first half of 2018

Target sees FY2018 EPS of $5.30-$5.50, versus the consensus of $5.28.

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

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