Target Corporation (TGT) trades an average of 8.06 million shares per day, and has a market cap of $32.58 billion. Target Corporation operates general merchandise stores in the United States. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target Corp. will report Q2 results on Wednesday, the 17th of August.
Time Released: Before Opening Bell
Industry: Retail (Department & Discount)
Recent Price: $48.47
52 Week High: $60.97
52 Week Low: $45.28
Book Value: $22.10
On average, 19 analysts are expecting $0.96 per share, a drop of $-0.03 in earnings per share compared to last quarter's results of $0.99. The estimated mean earnings are $0.96 per share. Analyst estimates range between $0.92 and $1.00 per share.
Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $67.39 billion for 2011 vs. $65.36 billion for 2010. The bottom line has rising earnings year-over-year of $2920 billion for 2011 vs. $2.49 billion for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $5.25 billion for 2011 vs. $4.67 billion for 2010.
Gross revenue is growing at an annual rate of 3.11%: (Click on chart to enlarge)
Gross reported revenue compared to the mean estimate (rounded).
| Fiscal Quarter Ending Month-Year | Revenue Estimates | Actual | $ Difference | Difference % |
|---|---|---|---|---|
| Apr-11 | $ 16.02 B | $ 15.94 B | $ -82.80 M | -0.52% |
| Jan-11 | $ 20.75 B | $ 20.66 B | $ -94.00 M | -0.45% |
| Oct-10 | $ 15.61 B | $ 15.61 B | $ -2.50 M | -0.02% |
| Jul-10 | $ 15.63 B | $ 15.53 B | $ -93.30 M | -0.6% |
| Apr-10 | $ 15.65 B | $ 15.59 B | $ -54.00 M | -0.35% |
M = millions, B = billions
Reported earnings per share compared to the mean estimate. Differences are rounded.
| Fiscal Quarter Ending Month-Year | Estimate | Actual | Difference | Difference % |
|---|---|---|---|---|
| Apr-11 | 0.94 | 0.99 | 0.05 | 5.32% |
| Jan-11 | 1.40 | 1.38 | -0.02 | -1.43% |
| Oct-10 | 0.68 | 0.68 | 0 | 0.00% |
| Jul-10 | 0.92 | 0.92 | 0 | 0.00% |
| Apr-10 | 0.87 | 0.90 | 0.03 | 3.45% |
(Some onetime items are often excluded in reported EPS)
Click on charts to enlarge:
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in TGT over the next 72 hours.
Disclaimer: I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.
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