Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, on Nov. 26, 2024.
Victor J. Blue | Bloomberg | Getty Images
Target will report fiscal fourth-quarter earnings on Tuesday and show investors whether it is driving more full-price sales of discretionary merchandise, which has long been the retailer’s primary money maker.Â
Here’s what analysts are expecting from the big-box store, according to consensus estimates from LSEG:
- Earnings per share: $2.26
- Revenue: $30.8 billion
Target is expected to report a decline in earnings after the company raised its fourth-quarter sales forecast in January but left its profit outlook unchanged after cutting it in November.Â
The retailer raised its comparable sales guidance in January after it saw steady traffic during the crucial holiday shopping months, but its decision to maintain its profit guidance indicated that it relied on deals and discounts to drive sales, which is…
