Target Boosts Year EPS, 4Q Comps. Views; 3Q Results Top Ests.
Source: BFW (Bloomberg First Word)
Tickers
TGT US (Target Corp)
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UUID: 7947283
(Bloomberg) -- Target sees FY17 adj. EPS $5.10-$5.30, saw $4.80-$5.20 (Aug. 17), est. $4.94.
Alert: HALISTER- Year forecast boost reflects early debt-retirement losses, “a small benefit” from the resolution of income tax matters
- TGT up 6% pre-market with 4.4k shares traded
- Sees 4Q comp. sales down 1% to up 1%, saw down 2% to unchanged
- Sees 4Q adj. EPS $1.55-$1.75, est. $1.60 (range $1.49-$1.66)
- 3Q adj. EPS $1.04, saw 75c-95c, est. 83c
- 3Q gross margin 30.2%, est. 29.5%
- 3Q sales $16.4b vs est. $16.3b (range $16.1b-$16.5b)
- 3Q comp. sales -0.2%, saw down 2% to unchanged, est. -1.1% (compiled by Consensus Metrix, avg of 21)
- Comp. sales growth in Signature Categories outpaced total comps. by more than 3ppts; digital channel sales rose 26%
- Call 8am (866)271-8911
- See PREVIEW TARGET 3Q: MKM Sees Another Quarter of Negative Comps
Source: BFW (Bloomberg First Word)
Tickers
TGT US (Target Corp)
To de-activate this alert, click here
UUID: 7947283