Why Target Stock Dropped After Earnings Tuesday
Good earnings news wasn't great news for (NYSE: TGT) stock this morning, after the big-box retailer announced a sizable earnings beat Tuesday, then saw its stock sell off.
Analysts forecast Target would earn $2.25 per share on fiscal fourth-quarter sales of $30.4 billion (Target's fiscal year ended Feb. 1, 2025). In fact, Target earned $2.41 per share, and sales exceeded $30.9 billion. Regardless, Target shares were down 5.2% through 10 a.m. ET.
Target noted that its same-store sales grew 1.5% year over year, and that quarterly earnings of $2.41 were "near the high end" of company guidance. But Q4 2023 contained an additional week of data when compared to Q4 2024. As a result, total sales and earnings declined -- because Target had less time to make sales and earn profit.
Source Fool.com
Target Corp. Stock
Our community is currently high on Target Corp. with 25 Buy predictions and 5 Sell predictions.
As a result the target price of 98 € shows a slightly positive potential of 18.02% compared to the current price of 83.04 € for Target Corp..
