What to Expect From Target Corporation’s Upcoming Q2 Earnings?
<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TGT'>Target Corporation (NYSE:TGT)</a> ahead of the company’s upcoming Q2 earnings, scheduled to be released on August 17.</p>
<p>Given the company’s announced inventory optimization plan and cut guidance on June 7, just 3 weeks after reporting Q1 results (operating margin guidance from 5.3% to 2%), the analysts don’t expect too many surprises in Q2.</p>
<p>The analysts believe investors will be focused on the pace at which inventory levels normalize and figuring out if approximately 7-8% operating margins are achievable at any point in the near future. </p>
<p>At this point, the analysts remain hopeful that the company’s management baked enough conservatism into their revised guidance, but with continued consumer weakness and shares up around 22% off June lows, the analysts are hesitant to get too constructive into the print. The analysts expect comp sales growth of 4%, compared to the Street estimate of 3.2%.</p>

NYSE:TGT