Target Q2 2027 EPS of $4.11, missing nothing: consensus was $2.33
As seen on the 24/7 Wall St. homepage on August 19, 2026.
Strip out the $1.65 per share from $994 million in one-time tariff refunds and the quarter still beats, which is why full-year EPS guidance moved up to $9.90 to $10.90. Comparable sales rose 3.8% on higher traffic. That underlying traffic trend is what carries the raised outlook.
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Target posted adjusted earnings per share of $4.11 for fiscal Q2 2027, well above the $2.33 consensus, though $994 million in pretax IEEPA tariff refunds added $1.65 per share.
Excluding that one-time benefit, underlying earnings still exceeded estimates, with comparable sales up 3.8% on stronger store traffic.
All six core merchandising categories grew year over year, with Hardlines posting double-digit comparable growth.
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Full-year EPS guidance rose to $9.90 to $10.90, including the tariff benefit but excluding any further refunds.
Keep an eye on the stock: whether traffic gains hold without another tariff tailwind is the open question into Q3 2027 results.
Mentioned: TGT