Target (TGT) reported earnings on Wed 22 May 2019 (b/o)

** charts before earnings ** 

• 5/21  #97   vol.  5.7M  

 

** charts after earnings **

Target beats by $0.10, reports revs in-line, Q1 comps +4.8% yr/yr; guides Q2 EPS in-line; guides FY20 EPS in-line

• Reports Q1 (Apr) earnings of $1.53 per share, $0.10 better than the S&P Capital IQ Consensus of $1.43; revenues rose 5.0% year/year to $17.63 bln vs the $17.49 bln S&P Capital IQ Consensus.
  • Q1 comparable sales grew 4.8 percent on traffic growth of 4.3 percent.
• Co issues in-line guidance for Q2, sees EPS of $1.52-1.72 vs. $1.59 S&P Capital IQ Consensus.
  • Target expects second quarter comparable sales growth in the low- to mid-single digit range
• Co issues in-line guidance for FY20, sees EPS of $5.75-6.05 vs. $5.84 S&P Capital IQ Consensus.
  • For full-year 2019, Target continues to expect a low- to mid-single digit increase in comparable sales