TGT Earnings Prediction
The chart below shows how TGT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TGT sees a -1.52% change in stock price 10 days leading up to the earnings, and a -2.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
TGT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.40B
-4.22%
2.52%
Gross Margin
26.12%
11.01%
1.40%
Operating Margin
5.44%
40.57%
9.46%
Net Margin
3.82%
42.54%
13.35%
EPS
2.10
36.36%
16.02%
No Data Available
TGT Earnings Analysis
Target Corporation Corporation (TGT.N) Earnings Conference Call
Positive
Operating Income Increase: Operating income has grown 6.7% through the first three quarters of the year.
Traffic Growth Increase: Traffic grew a healthy 2.4% this quarter, representing well over 10 million incremental transactions compared with last year.
Digital Channel Growth: Digital channel grew by nearly 11% this quarter.
Drive Up Sales Surge: We saw double-digit growth in Drive Up this quarter, which accounted for more than $2 billion in our Q3 sales.
New Member Acquisition: We rolled nearly 3 million new Target Circle members this quarter.
Negative
Earnings Per Share Decline: Earnings per share (EPS) came in below expectations due to soft discretionary trends and multiple cost headwinds, resulting in a decrease from $2.10 a year ago to $1.85 this quarter.
Weak Consumer Demand: Comparable sales increased by only 0.3%, reflecting a performance near the bottom of the expected range, indicating weak consumer demand.
Operating Margin Decline: Operating margin rate decreased by about 60 basis points from a year ago, reflecting the combined impact of soft discretionary sales and cost pressures.
Increased Liability Costs: The company faced higher-than-expected general liability costs, which added to the financial challenges during the quarter.
Inventory Management Challenges: Inventory levels were about 3% higher than a year ago, indicating potential overstock issues and inefficiencies in inventory management.
TGT FAQs
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TGT Earning Call Sentiment
Target Corporation (TGT) Q3 2024 Earnings Call Transcript
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00:00
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TGT.N
3.34%Positive
The earnings call summary shows mixed signals: positive digital sales growth, shareholder returns, and traffic increase, but also concerns with declining margins, increased SG&A expenses, and economic uncertainties. Q&A insights reveal cautious management responses and unclear cost impacts, indicating potential investor apprehension. The optimistic guidance and continued share repurchases provide some positive sentiment, but weak EPS and margin performance counterbalance this. Overall, the sentiment leans towards neutral, with no strong catalysts for significant stock movement in the short term.