This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
Copyright 2024 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.35% per year. These returns cover a period from January 1, 1988 through December 2, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
Visit Performance Disclosure for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This site is protected by reCAPTCHA and the Google Privacy Policy, DMCA Policy and Terms of Service apply.
Image: Bigstock
Bear of the Day: Target (TGT)
Target ((TGT - Free Report) ) delivered Q3 earnings and sales misses last week and a cautious Q4 view. This resulted in a 22% drop in shares that are trying to recover this week off of new 52-week lows at $120.
Our Director of Research, Sheraz Mian, chose Target and Walmart for a special compare/contrast in a recent dive into retail earnings. You can find that analysis here...
Walmart & Target: A Closer Look at Retail Earnings
My objective today is to look at the analyst earnings revisions that have knocked Target into the cellar of the Zacks Rank.
In the past week, thirteen covering analysts have taken the fiscal 2025 EPS consensus (ends January) down 8%, from $9.55 to $8.78.
This drives the company's profit outlook to a -1.8% loss for the year. And the revenue picture also drops 1.2% negative for the fiscal year to $106 billion.
But that wasn't enough for the retail spreadsheet jockeys. They also were in pretty strong agreement that next year will miss the prior forecast profit bullseye too.
The EPS consensus for fiscal 2026 (begins February) dropped 10.6% from $10.57 to $9.45.
Could it be that one of the strongest winners of retail in competition with Walmart has seen its best days from peak trailing 12-month sales at $109 billion in 2023?
With flatlining sales and profits, it's possible. Be sure to dive into Sheraz's earnings autopsy to get the goods.