Target Corp reports results for the quarter ended July 31 - Earnings Summary

• Target Corp TGT.N reported quarterly adjusted earnings of $2.05​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of $2.57. The mean expectation of twenty nine analysts for the quarter was for earnings of $2.03 per share. Wall Street expected results to range from $1.81 to $2.34 per share.

• Revenue fell 0.9% to $25.21 billion from a year ago; analysts expected $24.93 billion.

• Target Corp's reported EPS for the quarter was $2.05​.

• The company reported quarterly net income of $935 million.

• Target Corp shares had risen by 6.8% this quarter and lost 22.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 23 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the discount stores peer group is "buy."

• Wall Street's median 12-month price target for Target Corp is $104.00, about 1.3% below its last closing price of $105.36

This summary was machine generated from LSEG data August 20 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)