Target Corp. (TGT) : Earnings Whisper

Target Corp. (TGT) is set to report its 2Q’15 results today, Aug. 19, before the markets open. The general merchandise retailer is expected to report revenue of $17.40 billion. Similarly, the EPS is projected at $1.11. A year ago, Target earned $0.78 a share. The Street’s estimates for the quarter reflect a year-over-year EPS and revenue increase of 42.30% and 2.35%, respectively. Meanwhile, reports a whisper number of $1.14 per share.

As a quick reminder, TGT reported 1Q/15 EPS of $1.10, $0.07 better than the Street’s consensus estimate of $1.03. Revs rose marginally year-over-year to $17.12 billion from $17.05 billion, vs. the $17.09 million consensus.

On valuation measures, Target’s current year and next year EPS growth estimates stand at 8.20% and 9.50%, compared to the industry growth rates of 10.00% and 20.20%, respectively. The name has a t-12 price-to-sales ratio of 0.69. EPS for the same period registers at ($2.23).

TGT shares have declined 6.66% in the last 4 weeks and advanced 1.72% in the past three months. Over the past 5 trading sessions the stock has gained 0.47%. The Minneapolis, Minnesota-based company, which is currently valued at $50.43 billion, has a median Wall Street price target of $83.00 with a high target of $95.00.

Target Corp. is up 39.21% year-over-year, compared with a 6.08% gain in the S&P 500.

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