What to Expect From Target’s Upcoming Q4 Earnings Report?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TGT'>Target Corporation (NYSE:TGT)</a> ahead of the upcoming Q4 earnings, scheduled to be announced on Tuesday.</p>
<p>The analysts expect comp sales to be down 2% and adjusted EPS of $1.41 (both approximately in-line with the Street estimates). </p>
<p>Given lingering inventory headwinds and an uncertain macro backdrop, the analysts think a conservative guide is best for shares over the next 12 months as it somewhat de-risks the margin recovery story (modeling $8.61 vs. Street estimate of $9.23 for fiscal 2023). </p>
<p>The analysts point out that the shares have outperformed the market by approximately 5% since reporting Q3, despite mixed macro signals. The analysts believe the risk to reward skews negatively into the print but they would be buyers in the event of a conservative guide/sell-off.</p>

NYSE:TGT