Target (TGT) Reports In-Line Q3 EPS; Boosts FY15 EPS Outlook

Target (NYSE: TGT) reported Q3 EPS of $0.86, in-line with the analyst estimate of $0.86. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.57 billion.

Third quarter comparable sales growth of 1.9 percent was near the high-end of the company’s expectations, driven by traffic growth of 1.4 percent. On a two-year stacked basis, sales and traffic growth were stronger in the third quarter than either of the first two quarters of the year.

Target sees FY2015 EPS of $4.65-$4.75, versus prior guidance of $4.60-$4.75 and the consensus of $4.72.

Target sees Q4 2015 EPS of $1.48-$1.58, versus the consensus of $1.54.

For earnings history and earnings-related data on Target (TGT) click here.

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