Goal Corp (TGT) reported an earnings miss for its 3rd quarter, ending 10/31/2022. Earnings per share got here in at $1.54, versus the anticipated $2.16.
The reported income of $26.52 billion represents development of 1.85% in comparison with the earlier quarter, and development of three.38% in comparison with the identical interval final yr.
For the 4th quarter, analysts undertaking earnings of $2.43 per share.
Typically, earnings bulletins have an effect on a inventory’s value. See a historical past of earnings-related value modifications for TGT inventory.
What’s Subsequent for Goal Corp, Put up-Earnings?
In accordance with TipRanks, the common analyst consensus on TGT inventory is a Reasonable Purchase. This consensus relies on 16 analyst rankings made previously 3 months. Goal Corp’s common value goal of $186.87 implies upside potential of 20.20% from present ranges.
See our Earnings Calendar for a full checklist of this week’s earnings releases.
Backside Line
An earnings miss can signify detrimental motion forward for a inventory’s value. At the moment, TGT value is $155.47, indicating a 5-day drop of -9.74%.
About Goal Corp
Based in 1902, Goal Corp. is a Minnesota-based basic merchandise retailer and has shops in all 50 U.S. states and the District of Columbia. Its shops provide curated basic merchandise and meals assortments together with perishables, dry grocery, dairy, and frozen objects..
Be taught extra about TGT financials right here
