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Target Third Quarter Earnings Preview
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TGT
Target (NYSE:TGT) will release its third quarter results on Thursday, November 15, 2012. Analysts are expecting earnings per share of 77 cents after the company booked a profit of only 82 cents a share a year earlier.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: Everything Investors Need To Know About Earnings
What to Expect: Analysts are anticipating that Target will report earnings of 77 cents per share, down 6.1% from a year ago, when the company reported earnings of 82 cents per share.
After rising from 76 cents three months ago, the consensus estimate has remained unchanged in the last month. For the fiscal year, analysts are projecting earnings of $4.40 per share.
Target is expected to beat last year's reported revenue of $16.4 billion and come in at $16.93 billion for the quarter. The anticipated revenue for the fiscal year is $73.2 billion.
Company Performance: P/E ratio for TGT is 14.2. Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
The stock price has fallen 2.1% to $62.02 from $63.38 since August 14, 2012. The stock saw one of its worst stretches when its price fell $2.42 per share between September 20, 2012 and October 2, 2012.
The Competition: Target operates general-merchandise and food discount stores in the United States. The majority of analysts (13 of 18) give Target a buy rating. They have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
The company's closest competitor in the retail (specialty) industry is Costco (COST). Analysts are more optimistic about Target than about Costco. Only 13 out of 21 analysts rate the latter a buy.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: Everything Investors Need To Know About Earnings
What to Expect: Analysts are anticipating that Target will report earnings of 77 cents per share, down 6.1% from a year ago, when the company reported earnings of 82 cents per share.
After rising from 76 cents three months ago, the consensus estimate has remained unchanged in the last month. For the fiscal year, analysts are projecting earnings of $4.40 per share.
Target is expected to beat last year's reported revenue of $16.4 billion and come in at $16.93 billion for the quarter. The anticipated revenue for the fiscal year is $73.2 billion.
The stock price has fallen 2.1% to $62.02 from $63.38 since August 14, 2012. The stock saw one of its worst stretches when its price fell $2.42 per share between September 20, 2012 and October 2, 2012.
The Competition: Target operates general-merchandise and food discount stores in the United States. The majority of analysts (13 of 18) give Target a buy rating. They have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
The company's closest competitor in the retail (specialty) industry is Costco (COST). Analysts are more optimistic about Target than about Costco. Only 13 out of 21 analysts rate the latter a buy.
by
Investopedia Staff
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