Stock Region Earnings Calendar
Stock Region Newsletter - Wednesday August 21st, 2024 Earnings
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Welcome to today's edition of Stock Region, where we turn our spotlight on the retail sector as Target (TGT) gears up to release its second-quarter earnings report. With the retail giant set to announce its figures, all eyes are on how it will impact the broader market landscape.
Earnings Spotlight: Target (TGT):
Expected Earnings: Analysts predict earnings of $2.19 per share, marking a 21.7% increase year-over-year.
Revenue Forecast: Expected to reach $25.2 billion, a 3.3% rise from the previous year.
Analyst Insight: Oppenheimer's Rupesh Parikh adopts a cautious outlook due to an "uncertain consumer environment," projecting earnings of $1.95 per share.
Investment Advice: Despite the conservative forecast, Parikh holds an Outperform (Buy) rating, suggesting long-term investors should consider buying during price dips.