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Services | Discount, Variety Stores | USA
Target Beats Q4 Earnings and Same-Store Sales Estimates
Target posted stronger-than-expected fourth quarter earnings Tuesday after a solid holiday shopping season that saw increased foot traffic and same stores sales.
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Target said earnings for the three months ending on February 2 came in at $1.53 each, up 11.7% from the same period last and one penny ahead of the Street consensus forecast. Group sales, Target said, were essentially flat compared to last year at $22.977 billion and modestly ahead of analysts' estimates of $22.91 billion. Same-store sales growth was pegged at 5.3%, firmly ahead of market expectations of 5%, a figure the company sees rising at a low to mid-single-digit range over the first quarter of the current fiscal year.
Target is forecasting 2019 earnings in the region of $5.75 to $6.05 per share, bumping ahead of the consensus estimate of $5.61 per share.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: TGTc1dl0946.png]](https://finviz.com/publish/030519/TGTc1dl0946.png)
Target Beats Q4 Earnings and Same-Store Sales Estimates
Target posted stronger-than-expected fourth quarter earnings Tuesday after a solid holiday shopping season that saw increased foot traffic and same stores sales.
...
Target said earnings for the three months ending on February 2 came in at $1.53 each, up 11.7% from the same period last and one penny ahead of the Street consensus forecast. Group sales, Target said, were essentially flat compared to last year at $22.977 billion and modestly ahead of analysts' estimates of $22.91 billion. Same-store sales growth was pegged at 5.3%, firmly ahead of market expectations of 5%, a figure the company sees rising at a low to mid-single-digit range over the first quarter of the current fiscal year.
Target is forecasting 2019 earnings in the region of $5.75 to $6.05 per share, bumping ahead of the consensus estimate of $5.61 per share.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
