Target slides after profit guidance stunner ahead of the holidays

Looking ahead, Target expects full-year EPS of $8.30 to $8.90 (midpoint $8.60) vs. a prior outlook for $9.00 to $9.70 and the consensus mark of $9.57. Shares of Target ( TGT ) slid 20.3% …

CouponFollow Extension

3%
OFF

Target Slides After Profit Guidance Stunner Ahead Of The Holidays

4 days from now

Looking ahead, Target expects full-year EPS of $8.30 to $8.90 (midpoint $8.60) vs. a prior outlook for $9.00 to $9.70 and the consensus mark of $9.57. Shares of Target ( TGT ) slid 20.3% …

msn.com

3%
OFF

Target Slides After Profit Guidance Stunner Ahead Of The Holidays ...

4 days from now

5 days ago · Target (TGT) shares plummeted 20.3% in premarket trading after a disappointing Q3 profit report and lowered holiday quarter guidance.

seekingalpha.com

21%
OFF

Target Shares Slide 21% As Retailer Expects Stagnant Holiday …

4 days from now

5 days ago · Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers …

reuters.com

21%
OFF

Target Shares Slide 21% As Retailer Expects Stagnant Holiday ... - MSN

4 days from now

Minneapolis-based Target now expects flat comparable sales in the fourth quarter and a profit of $1.85 to $2.45 per share. Analysts on average had expected a 1.64% rise in sales and profit of …

msn.com

$8.30
OFF

Target Shares Plunge On Its Holiday Outlook. Should Investors Buy …

4 days from now

2 days ago · Looking ahead, Target slashed its full-year earnings guidance, taking it to a range of $8.30 to $8.90 per share from a prior outlook of $9 to $9.70. That comes a quarter after the …

fool.com

$854
OFF

Target Shares Slide On Soft Update Heading Into Holiday Season

4 days from now

4 days ago · Target Financial Update. Net income at Target fell to $854 million for the quarter ended Nov. 2, compared with $971 million in the same period a year prior, while total revenue …

forbes.com

$1.85
OFF

Holiday Blues: The Retail Sector Is Jolted By Target's Earnings Update

4 days from now

5 days ago · Target slides after profit guidance stunner ahead of the holidays; Walmart and Costco also dip Target Non-GAAP EPS of $1.85 misses by $0.45, revenue of $25.67B misses …

seekingalpha.com

3%
OFF

Target Slides As Inflation Continues To Impact Sales, Guidance …

4 days from now

May 22, 2024 · Target shares slipped ahead of markets opening Wednesday after the retailer reported first-quarter results, with revenue meeting expectations but declining 3% year-over-year.

investopedia.com

52%
OFF

Target Warns Of A Weak Holiday Season. Shares Are Tumbling

4 days from now

Nov 16, 2022 · Target’s profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday. Target blamed inflation and a deteriorating economic outlook for its miserable …

cnn.com

$9.34
OFF

Target Rallies After Topping Earnings Expectations; Walmart And …

4 days from now

Aug 21, 2024 · Target slides after profit guidance stunner ahead of the holidays; Walmart and Costco also dip 2 ZIM Integrated GAAP EPS of $9.34 beats by $2.29, revenue of $2.77B …

seekingalpha.com

15%
OFF

What Analysts Think Of Target Stock Ahead Of Earnings

4 days from now

5 days ago · The average price target of $179.94 is about 15% above Target's Monday closing price of $156.56, with all but one having a price target above the stock's current levels.

investopedia.com

2%
OFF

Target's Holiday Sales Were Outstanding. Why Did The Stock Fall?

4 days from now

Jan 15, 2021 · For the November to December period, generally considered the holiday season, Target's comparable sales jumped 17.2%, with in-store sales up 4.2% and digital sales …

fool.com

8%
OFF

Target News - Markets Insider

4 days from now

Target slides after profit guidance stunner ahead of the holidays; Walmart and Costco also dip Seeking Alpha 18h Target in charts: Digitally originated comp sales up 10.8% in Q3

businessinsider.com

FAQs about Target slides after profit guidance stunner ahead of the holidays Coupon?

What does target (TGT)'s guidance mean for the holiday quarter?

On the guidance front, Target (TGT) expects full-year EPS of $8.30 to $8.90 (midpoint $8.60) vs. a prior outlook for $9.00 to $9.70 and the consensus mark of $9.57. The guidance implies a holiday quarter performance below expectations. ...

Will target's holiday shopping season be a warning sign?

Target is expecting a surprisingly weak holiday shopping season, a potential warning sign for the retail industry. The company forecast Wednesday that sales during the final quarter of the year will be flat, and Target lowered its profit forecast. Target also reported a sluggish sales increase of just 0.3% during its latest quarter. ...

How did target perform during the holiday season?

Target ( TGT 0.44%) did it again. The big-box chain delivered another stellar holiday sales report. For the November to December period, generally considered the holiday season, Target's comparable sales jumped 17.2%, with in-store sales up 4.2% and digital sales shooting up 102%. ...

Why did target's profit plunge 52% in the third quarter?

Here's why Target’s profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday. Target blamed inflation and a deteriorating economic outlook for its miserable quarter — and also lowered its outlook for the rest of the year. That sent shares down more than 12% in premarket trading. ...

Why did target cut its forecast?

Target rattled Wall Street on Wednesday with a downbeat earnings report showing a sales decline, lower profit and an unwelcome buildup of unsold inventory. The company also cut its forecast for the full year, a bad omen ahead of the critical holiday shopping season. ...

Does target survive the holiday season?

Target is a bellwether for consumers’ spending habits and the retail sector as a whole. The holiday shopping season is pivotal for retailers. While Target can survive a weak holiday stretch, many smaller companies depend on strong sales during the holidays to carry them through the following months. ...