Target Shares Rise to 52-Week High After Earnings Beat
Target reported EPS of $2.46 versus a $2.30 consensus estimate in its August 19 earnings report. For the current fiscal year, Target is expected to earn $10.22 per share on $109.61 in revenue. The stock trades at 16.2X current fiscal-year EPS estimates versus a 26.7X peer average, and has a Zacks Rank of #2 on favorable estimate revisions.