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Target’s Q3 Earnings Preview: Weak Sales and Margin Pressures Weigh on Retail Stock
Target’s Q3 Earnings Preview: Weak Sales and Margin Pressures Weigh on Retail Stock
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BTCCSquare news:
Target Corporation (TGT) faces a pivotal moment as it prepares to report third-quarter earnings amid a 34.5% year-to-date stock decline. Wall Street anticipates a 1.3% drop in revenue to $25.33 billion, with adjusted EPS expected to fall 7.6% to $1.71. Analysts attribute the slump to cautious consumer spending, rising costs, and tariff pressures.
Telsey analyst Joseph Feldman maintains a Hold rating, projecting a -1.5% comparable sales growth and $1.76 EPS. The retail sector's struggles highlight broader economic headwinds, though easier year-over-year comparisons may offer slight relief.
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