Retailer Target Corporation (NYSE:TGT) could show a recovery in store visits during the second quarter when the company reports quarterly financial results on Wednesday before market open.
Here are the earnings estimates, what analysts are saying ahead of the results and key items to watch.
See what TGT is doing now.
Earnings Estimates
Analysts expect Target to report second-quarter revenue of $24.93 billion, down from $25.45 billion in last year’s second quarter, according to data from Benzinga Pro.
The company missed analyst estimates in the first quarter, but has beaten estimates in six of the past 10 quarters overall.
Analysts expect Target to report earnings per share of $2.05, down from $2.57 in last year’s second quarter. The company missed analyst estimates in the last quarter, but has beaten estimates in seven of the past 10 quarters overall.
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What Analysts are Saying
Several analysts have lowered their price targets on Target stock ahead of the earnings report.
Bank of America Securities analyst Robert Ohmes downgraded the stock from Neutral to Underperform and lowered the price target from $105 to $93.
Ohmes sees Target facing pressure on sales and margins and the potential for slowing …