Target Third Quarter 2024 Earnings: EPS Beats Expectations

Target Corporation -0.55%

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).
earnings-and-revenue-growth
NYSE:TGT Earnings and Revenue Growth November 17th 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.

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via