Target Corp (TGT)

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Q2 2023 EPS Estimates for Target Co. Cut by DA Davidson
By: MarketBeat | June 10, 2022

• Target Co. (NYSE:TGT - Get Rating) - Equities researchers at DA Davidson lowered their Q2 2023 earnings per share estimates for Target in a research report issued on Wednesday, June 8th. DA Davidson analyst M. Baker now anticipates that the retailer will earn $0.71 per share for the quarter, down from their previous forecast of $2.18. DA Davidson has a "Buy" rating and a $171.00 price objective on the stock. DA Davidson also issued estimates for Target's FY2023 earnings at $8.68 EPS and FY2024 earnings at $11.38 EPS. Target (NYSE:TGT - Get Rating) last issued its earnings results on Wednesday, May 18th. The retailer reported $2.19 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.88). Target had a return on equity of 44.75% and a net margin of 5.48%. The company had revenue of $24.83 billion for the quarter, compared to analyst estimates of $24.48 billion. During the same quarter in the previous year, the company posted $3.69 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year...

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