Target (TGT - Free Report) closed the most recent trading day at $85.20, moving -0.54% from the previous trading session. This move was narrower than the S&P 500's daily loss of 3.29%. Elsewhere, the Dow lost 3.15%, while the tech-heavy Nasdaq lost 4.08%.
Coming into today, shares of the retailer had lost 3.54% in the past month. In that same time, the Retail-Wholesale sector lost 6.44%, while the S&P 500 gained 0.44%.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be November 21, 2018. The company is expected to report EPS of $1.10, up 20.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.75 billion, up 6.5% from the year-ago period.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.38 per share and revenue of $75.13 billion. These results would represent year-over-year changes of +14.23% and +4.52%, respectively.
Investors should also note any recent changes to analyst estimates for TGT. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.17% higher within the past month. TGT is currently a Zacks Rank #2 (Buy).
Digging into valuation, TGT currently has a Forward P/E ratio of 15.91. This represents a discount compared to its industry's average Forward P/E of 22.72.
It is also worth noting that TGT currently has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores was holding an average PEG ratio of 1.67 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.