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Target Third Quarter 2024 Earnings: EPS Beats Expectations
Target Corporation TGT | 0.00 |
Target (NYSE:TGT) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$25.4b (down 4.2% from 3Q 2023).
- Net income: US$971.0m (up 36% from 3Q 2023).
- Profit margin: 3.8% (up from 2.7% in 3Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$2.10 (up from US$1.55 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Target EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in the US.
Performance of the American Consumer Retailing industry.
The company's shares are up 20% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Target that you should be aware of before investing here.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.