Company News: Target Corp. (TGT) quarterly earnings beat analysts’ estimate

Market news

22 May 2019

Company News: Target Corp. (TGT) quarterly earnings beat analysts’ estimate

Target Corp. (TGT) reported Q1 FY 2019 earnings of $1.53 per share (versus $1.32 in Q1 FY 2018), beating analysts’ consensus of $1.43.

The company’s quarterly revenues amounted to $17.627 bln (+5.0% y/y), generally in line with analysts’ consensus estimate of $17.490 bln.

The company also issued in-line guidance for Q2 and the full 2019 FY, projecting EPS of $1.52-1.72 (versus analysts' consensus estimate of $1.59) and $5.75-6.05 (versus analysts' consensus estimate of $5.84), respectively.

TGT rose to $76.80 (+6.73%) in pre-market trading.

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