Target Falls 1.93% as Major US Indexes Advance
The retailer's shares declined while major indexes rose, with Zacks estimates pointing to higher quarterly sales and earnings.
Key takeaways
- Target closed at $152.99, down 1.93%.
- The S&P 500 gained 0.66% in the session.
- Zacks estimates quarterly EPS of $2.08 and revenue of $26.37 billion.
Target closed at $152.99, down 1.93%, while major US indexes rose. The S&P 500 gained 0.66%, the Dow added 0.18% and the Nasdaq rose 1.05%.
The shares fell 5.13% over the previous month. The Retail-Wholesale sector declined 4.61% over the same period, while the S&P 500 gained 0.55%.
Ahead of Target's upcoming earnings report, the Zacks Consensus Estimate projects quarterly earnings of $2.08 per share and revenue of $26.37 billion. Those estimates represent increases of 16.85% and 4.34%, respectively, from the year-earlier quarter.
For the full year, Zacks estimates earnings of $10.43 per share and revenue of $110.11 billion, up 37.78% and 5.09% from the previous year.
This article was produced with the help of AI technology. Source: Yahoo Finance
