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Target (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal first-quarter results on Wednesday, May 18. We expect Target’s
Our forecast indicates that Target’s valuation is $244 per share, which is 14% higher than the current market price. Look at our interactive dashboard analysis on TGT’s Earnings Preview: What To Expect in Q1? for more details.
(1) Revenues expected to be slightly ahead of consensus estimates
Trefis estimates Target’s Q1 2022 revenues to be around $25.2 Bil, slightly ahead of the consensus estimate. In Q4, the company’s comparable sales rose 8.9% during the quarter on top of a 20.5% increase a year ago. In addition, its digital sales rose 9.2% during the quarter. Target handled 8% more transactions in Q4 while average order spending rose. To put things into perspective, Walmart’s
(2) EPS likely to be marginally ahead of consensus estimates
(3) Stock price estimate higher than the current market price
Going by our Target’s Valuation, with an EPS estimate of around $14.63 and a P/E multiple of 16.6x in fiscal 2022, this translates into a price of $244, which is 14% higher than the current market price.
It is helpful to see how its peers stack up. TGT Peers shows how Target’s stock compares against peers on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons.
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