S&P 500 component Target Corp will unveil its latest earnings on Thursday, February 23, 2012. Target operates general-merchandise and food discount stores in the United States.
Target Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.39 per share, a decline of 4.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.49. Between one and three months ago, the average estimate moved down. It has risen from $1.38 during the last month. For the year, analysts are projecting profit of $4.24 per share, a rise of 6% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting net income of 82 cents per share against a mean estimate of profit of 74 cents per share.
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Wall St. Revenue Expectations: Analysts predict a rise of 2.6% in revenue from the year-earlier quarter to $21.2 billion.
Analyst Ratings: Analysts are bullish on this stock, with 11 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold.
A Look Back: In the third quarter, profit rose 3.7% to $555 million (82 cents a share) from $535 million (74 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.1% to $16.4 billion from $15.61 billion.
Key Stats:
Target has seen net income rise in three consecutive quarters. Net income rose 3.7% in the second quarter and 2.7% in the first quarter.
For four quarters in a row, revenue has increased. Revenue rose 4.6% in the second quarter from the year earlier, climbed 2.2% in the first quarter from the year-ago quarter and 2.4% in the fourth quarter of the last fiscal year.
Stock Price Performance: From January 20, 2012 to February 17, 2012, the stock price rose $2.76 (5.5%), from $49.88 to $52.64. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011, when shares rose for seven straight days, increasing 5.5% (+$2.71) over that span. It saw one of its worst periods between December 27, 2011 and January 5, 2012 when shares fell for seven straight days, dropping 6.9% (-$3.58) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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