Target’s Earnings Target (TGT)

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By Douglas A. McIntyre Published

On Tuesday morning we’ll get to see earnings out of Target Corp. (NYSE: TGT). The estimates for the food and merchandise discount store giant from First Call are $1.22 EPS on $20 billion in revenues.  Next quarter estimates are $0.74 EPS on $15.1 billion in revenues. Estimates for fiscal Jan-2009 are $3.64 EPS on $68.63 billion in revenues.

Analysts have an average price target north of $60.00. Target Corp.’s 52-week trading range is $47.01 to $70.75, at $53.25 on Monday Target is about 25% off its highs.  Target will be hard to compare to Wal-Mart, which is actually closer to its 52-week highs as a weak economy allows Wal-Mart to do better than Target and elsewhere.

We already saw "sub par guidance" be accepted at Nordstrom with its earnings, but Target is not in the same league of customers.  Since this is not off of highs as much, its harder to venture to say exactly how bad the news already priced in can be.

Jon C. Ogg
February 26, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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