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Your Two Minute Earnings Preview For Target (TGT) Stock

By Zacks Investment ResearchStock MarketsNov 15, 2016 12:30AM ET
www.investing.com/analysis/diretta-forex---indicazioni-operative-del-16-novembre,-2016-200164793
Your Two Minute Earnings Preview For Target (TGT) Stock
By Zacks Investment Research   |  Nov 15, 2016 12:30AM ET
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This quick video takes a closer look at Target (TGT) stock ahead of its earnings report. This retail giant has generally done pretty well in earning seasons as of late, but recent trends in earnings estimates haven’t been very promising.

In fact, the consensus estimate has broadly been trending lower as of late, while TGT shares are near 2016 lows as well. The company was actually a ‘sell’ within the past week but it has since moved up into ‘hold’ territory, so at least Target has that going for its stats heading into the release.

One other positive factor for Target, is the company’s top VGM score of ‘A’, which is thanks to Target’s ‘A’ grade for value, and ‘B’ grade for growth. This top grade for the overall score puts TGT into the top 20% overall from a fundamental look, definitely a positive for the company heading into earnings.

TARGET CORP Price and Consensus

TARGET CORP Price and Consensus | TARGET CORP Quote

However, investors should note that TGT does find itself in the bottom 25% from an industry rank perspective, so that could weigh on shares in the near term. Additionally, this report looks to be all about guidance and the all-important holiday season, so investors will need to look to the future on this report more than others this time around.

Target reports before the bell on 11/16 and we are looking for earnings of $0.83 per share. Make sure to watch the video for a quick guide to TGT stock heading into the report, but if you want to learn more about trading in earnings season, check out our Zacks Live Trader below for additional information on ways to use options to trade stocks around their quarterly reports:

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TARGET CORP (TGT): Free Stock Analysis Report

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Your Two Minute Earnings Preview For Target (TGT) Stock
 

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Your Two Minute Earnings Preview For Target (TGT) Stock

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