Target (TGT - Free Report) closed the most recent trading day at $80.46, moving -0.36% from the previous trading session. This change lagged the S&P 500's daily of 0%. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.21%.
Heading into today, shares of the retailer had gained 4.71% over the past month, lagging the Retail-Wholesale sector's gain of 6.48% and the S&P 500's gain of 5.49% in that time.
Wall Street will be looking for positivity from TGT as it approaches its next earnings report date. The company is expected to report EPS of $1.43, up 8.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $17.54 billion, up 4.52% from the prior-year quarter.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.79 per share and revenue of $77.91 billion. These results would represent year-over-year changes of +7.42% and +3.4%, respectively.
Investors might also notice recent changes to analyst estimates for TGT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 remained stagnant within the past month. TGT is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note TGT's current valuation metrics, including its Forward P/E ratio of 13.94. This valuation marks a discount compared to its industry's average Forward P/E of 20.88.
We can also see that TGT currently has a PEG ratio of 2.22. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Discount Stores was holding an average PEG ratio of 1.97 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 97, which puts it in the top 39% 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.