Shares of Target (TGT.US) are gaining nearly 8.5% ahead of the opening of today's trading session on Wall Street following the release of better-than-expected Q4 results. The company reported higher earnings in the holiday quarter on the back of a smaller-than-expected sales decline and announced that annual comparable sales would be largely above Wall Street analysts' expectations.
Q4 results
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوال- Adjusted EPS $2.98 vs. $1.89 y/y, estimate $2.40
- Comparable sales -4.4% vs. +0.7% y/y, estimate -4.56%
- Comparable digital sales -0.7% vs. -3.6% y/y, estimate -5.2%
- Sales $31.47bn, +1.6% y/y, estimate $31.35bn
- Gross margin 25.6% vs. 22.7% y/y, estimate 25%
- Ebit $1.89bn, +62% y/y, Ebitda $2.62bn, estimate $2.23bn
- Customer transactions -1.7% vs. +0.7% y/y
- Average transaction amount -2.8% vs. 0% y/y, estimate -0.95%
- Digital sales share of total sales 21.3% vs. 20.8% y/y
- Total shops 1,956, +0.4% y/y, estimate 1,966
- SG&A costs $6.03bn, +6.2% y/y, estimate $6.07bn
- Comparable shop sales -5.4% vs. +1.9% y/y, estimate -4.93%
- Comparable shop sales 78.7% vs. 79.2% y/y, estimate 78.7%
- Operating income $1.87bn, +61% y/y, estimate $1.53bn
OUTLOOK: Q1
- Adjusted EPS US$1.70 to US$2.10, estimate US$2.07
- Comparable sales forecast -3% to -5%, estimate -3.36%
2024 FORECAST
- Adjusted EPS $8.60 to $9.60, estimate $9.12
- Comparable sales 0% to +2%, estimate +0.98%
The company's shares are gaining close to 8.6% before the open of the session. Source: xStation
