This quick video takes a closer look at Target (TGT - Free Report) stock ahead of its earnings report. This retail giant has generally done pretty well in earning seasons as of late, but recent trends in earnings estimates haven’t been very promising.
In fact, the consensus estimate has broadly been trending lower as of late, while TGT shares are near 2016 lows as well. The company was actually a ‘sell’ within the past week but it has since moved up into ‘hold’ territory, so at least Target has that going for its stats heading into the release.
One other positive factor for Target, is the company’s top VGM score of ‘A’, which is thanks to Target’s ‘A’ grade for value, and ‘B’ grade for growth. This top grade for the overall score puts TGT into the top 20% overall from a fundamental look, definitely a positive for the company heading into earnings.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
This quick video takes a closer look at Target (TGT - Free Report) stock ahead of its earnings report. This retail giant has generally done pretty well in earning seasons as of late, but recent trends in earnings estimates haven’t been very promising.
In fact, the consensus estimate has broadly been trending lower as of late, while TGT shares are near 2016 lows as well. The company was actually a ‘sell’ within the past week but it has since moved up into ‘hold’ territory, so at least Target has that going for its stats heading into the release.
One other positive factor for Target, is the company’s top VGM score of ‘A’, which is thanks to Target’s ‘A’ grade for value, and ‘B’ grade for growth. This top grade for the overall score puts TGT into the top 20% overall from a fundamental look, definitely a positive for the company heading into earnings.
Confidential from Zacks
Would you like to access Zacks' 2 best trades that are not available to the public? Zacks Executive VP, Steve Reitmeister knows which of our experts has the hottest hand and when key trades are about to be triggered. Today he is prepared to pass the Best of Our Best along to you. See these timely buys now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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