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Wal Mart (WMT) and Target (TGT) Stock Earnings Preview
It has been a rocky run for companies in the discount retail market, but things finally appear to be back on track. Recent earnings reports have been promising, while earnings estimates have been trending a bit higher too.
But with the performance in the department store area in the last week, in which we saw a number of big beats, expectations are likely high for the discount group to maintain the momentum. The industry does have an impressive industry rank—in the top 20% overall—but can its two top components live up to expectations? Let’s take a closer look at the fundamentals below…
Wal-Mart (WMT - Free Report)
Wal-Mart stock is recovering nicely from its recent slump, and so are earnings estimates. In fact, the stock now has a Zacks Rank #2 (buy), and a positive Earnings ESP which usually suggests that a beat is coming. However, with the recent purchase of jet.com and continued online shopping woes, this could be a case where the outlook is more important than anything, even with WMT likely to beat this quarter.
WAL-MART STORES Price, Consensus and EPS Surprise
WAL-MART STORES Price, Consensus and EPS Surprise | WAL-MART STORES Quote
Wal-Mart reports before the bell on 8/18.
For more information on Wal-Mart and how to trade WMT this earnings season, make sure to watch Dave Bartosiak discuss the best option trading strategies, live, on our YouTube channel at 1pm Central Time on Wednesday.
Target (TGT - Free Report)
Target has seen very choppy trading heading into this earnings report, as earnings estimates have been pretty flat. However, the company has recovered modestly from recent weakness and appears reasonably well-positioned. It too has a fundamental score of ‘A’, but it has just a so-so Zacks Rank of 3 or ‘hold’.
TARGET CORP Price, Consensus and EPS Surprise
TARGET CORP Price, Consensus and EPS Surprise | TARGET CORP Quote
Target reports before the bell on 8/17.
For more information on Target and how to trade TGT this earnings season, make sure to watch Dave Bartosiak discuss the best option trading strategies, live, on our YouTube channel at 1pm Central Time on Tuesday.
For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, check out our podcast below: