Trade with Eva: Analytics in action >>

Tuesday, November 20, 2018

Target (TGT) reported earnings on Tue 20 Nov 2018 (b/o)

** charts before earnings ** 






** charts after earnings **

 






Target misses by $0.02, misses on revs; reaffirms FY19 EPS guidance 
  • Reports Q3 (Oct) earnings of $1.09 per share, $0.02 worse than the S&P Capital IQ Consensus of $1.11; revenues rose 5.7% year/year to $17.59 bln vs the $17.81 bln S&P Capital IQ Consensus.
    • Comparable traffic growth of 5.3 percent and comparable sales growth of 5.1 percent were driven by healthy increases in both stores and digital channels.
    • Third quarter comparable digital channel sales grew 49 percent, contributing 1.9 percentage points to comparable sales.
  • Co reaffirms guidance for FY19, sees EPS of $5.30-5.50 vs. $5.42 S&P Capital IQ Consensus.
    • For the fourth quarter, Target expects comparable sales growth of approximately 5 percent, consistent with the Company's year-to-date performance through third  quarter 2018

No comments:

Post a Comment