MarketPR
Target Corporation (TGT) has earned a Zacks Rank 2 (Buy) rating, a designation driven by the size of recent changes in consensus earnings estimates and three other factors related to those revisions.
The retailer's stock has returned -1.4% over the past month, underperforming the Zacks S&P 500 composite's +2.4% gain and the Zacks Retail - Discount Stores industry's 4.5% increase during the same period.
Zacks Investment Research prioritizes changes in future earnings projections as the primary determinant of a stock's fair value, noting that empirical research shows a strong correlation between trends in earnings estimate revisions and near-term price movements.
For the current quarter, Target is expected to post earnings of $2.08 per share, representing a year-over-year change of +16.9%. The Zacks Consensus Estimate for this period has changed +1% over the last 30 days.
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