Target Misses Q3 Earnings & Sales Estimates, Issues Cautious Q4 View [Yahoo! Finance]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: Yahoo! Finance
While revenues saw a slight increase, earnings took a significant hit compared to the prior year due to cost pressures. This Minneapolis, MN-based company posted comparable sales growth, but the pace slowed considerably from the preceding quarter. While comparable store sales declined, the drop was more than offset by an increase in comparable digital sales. In response to lower-than-expected results, Target revised its fiscal 2024 earnings forecast downward. The retail bellwether also offered a cautious outlook for the final quarter, leading to a drop in Target's shares during the pre-market trading session. Target reported adjusted earnings of $1.85 per share, which missed the Zacks Consensus Estimate of $2.29 and declined from $2.10 reported in the year-ago period. See the Zacks Earnings Calendar to stay ahead of market-making news. The big-box retailer generated total revenues of $25,668 million, which came below the Zacks Consensus Estimate of $25,910 million. However,
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TGT
News
- Target Co. (NYSE: TGT) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
- Target Co. (NYSE: TGT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "hold" rating.MarketBeat
- Q3 Earnings Buzz: Target Stock Falls Nvidia Shares Flat [Yahoo! Finance]Yahoo! Finance
- An Investigation Has Commenced on Behalf of Target Corporation Shareholders Contact Levi & Korsinsky to Discuss your TGT LossesAccesswire
- Target Accused of Breach of Contract in Lawsuit From Bullseye Dog Mascot Supplier [Yahoo! Finance]Yahoo! Finance
TGT
Earnings
- 11/20/24 - Miss
TGT
Sec Filings
- 11/20/24 - Form 8-K
- 11/13/24 - Form SC
- 10/15/24 - Form 8-K
- TGT's page on the SEC website