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Target (TGT) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Target (TGT - Free Report) was down 1.06% at $151.99. The stock trailed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.15%.
The retailer's shares have seen a decrease of 3.2% over the last month, not keeping up with the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
The upcoming earnings release of Target will be of great interest to investors. In that report, analysts expect Target to post earnings of $2.08 per share. This would mark year-over-year growth of 16.85%. In the meantime, our current consensus estimate forecasts the revenue to be $26.37 billion, indicating a 4.34% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.43 per share and revenue of $110.11 billion, indicating changes of +37.78% and +5.09%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Target. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.46% higher within the past month. Target is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Target is presently being traded at a Forward P/E ratio of 14.73. Its industry sports an average Forward P/E of 22.51, so one might conclude that Target is trading at a discount comparatively.
Investors should also note that TGT has a PEG ratio of 2.43 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. TGT's industry had an average PEG ratio of 1.76 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Target (TGT) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Target (TGT - Free Report) was down 1.06% at $151.99. The stock trailed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.15%.
The retailer's shares have seen a decrease of 3.2% over the last month, not keeping up with the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
The upcoming earnings release of Target will be of great interest to investors. In that report, analysts expect Target to post earnings of $2.08 per share. This would mark year-over-year growth of 16.85%. In the meantime, our current consensus estimate forecasts the revenue to be $26.37 billion, indicating a 4.34% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.43 per share and revenue of $110.11 billion, indicating changes of +37.78% and +5.09%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Target. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.46% higher within the past month. Target is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Target is presently being traded at a Forward P/E ratio of 14.73. Its industry sports an average Forward P/E of 22.51, so one might conclude that Target is trading at a discount comparatively.
Investors should also note that TGT has a PEG ratio of 2.43 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. TGT's industry had an average PEG ratio of 1.76 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.