Wal-Mart Reacting Better Than Target on Retailer Earnings

This morning we got to see competing earnings reports from retail giants Wal-mart (WMT) and Target (TGT). In short, WMT is trying to hang on, and TGT is still growing. The same-store-sales (s-s-s) are also forecast to be up.Wal-Marts EPS was 11% higher than Q3 2005 at $2.6 Billion, or $0.63 per share ($0.62 after tax ruling). Revenues were $84.5 Billion. Analysts were expecting $0.59 and $84.5B. The company also guided next quarter EPS $0.88 to $0.92 and Fiscal EPS $.85 to $2.89e. The retail behemoth also put Q4 s-s-s at +1% to +2%, which is only a week after it forecast flat s-s-s in November.Target (TGT) posted earnings a 14% rise to $506 million and $0.59 EPS on revenues of $13.57 Billion. Analysts were looking for $0.55 and $13.58B. Target also maintained estimates November s-s-s +4% to +7%.TGT shares are up 2.5% at $59.25 in pre-market activity; 52-week trading range is $44.70 to $60.34.WMT shares are now up 3.5% at $47.95 in pre-market activity; 52-week trading range $42.31 to $52.15.While Target (TGT) looked better overall and on the surface, Wal-Mart (WMT) was actually better as far as the bar having been lower and its relation to its 52-week highs. That is why WMT is up mor ethan TGT in pre-market activity.Jon C. OggNovember 14, 2006

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.