Target Reports Q3 Earnings Beat, Raises Guidance

Target TGT shares are trading higher following third-quarter earnings beat. The company beat EPS and sales estimates, reported strong digital channel sales growth and raised fiscal year 2019 guidance.

The company reported third-quarter earnings of $1.36 per share, which beat the analyst consensus estimate of $1.19 by 14.29%. This is a 24.77% increase over earnings of $1.09 per share from the same period last year.

Target reported quarterly sales of $18.7 billion, which beat the analyst consensus estimate of $18.49 billion by 1.14%. This is a 4.93% increase over sales of $17.821 billion the same period last year.

The company raised 2019 adjusted EPS guidance from $5.90-$6.20 to $6.25-$6.45.

Target shares were trading up 9.8% at $120.65 in Wednesday’s pre-market session. The stock has a 52-week high of $90.39 and a 52-week low of $60.15.

Related Links:

Macy's Acknowledges Data Breach, Stock Falls

Kohl's Trades Lower On Mixed Q3 Earnings, Cuts Guidance

Photo by Mike Kalasnik/Wikimedia.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceTop StoriesPre-Market Outlook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...