Target (TGT) Misses Q1 EPS by 6c, Comps Increase 3%

(Updated - May 23, 2018 6:36 AM EDT)

Target (NYSE: TGT) reported Q1 EPS of $1.32, $0.06 worse than the analyst estimate of $1.38. Revenue for the quarter came in at $16.78 billion versus the consensus estimate of $16.5 billion.

• comparable sales growth of 3.0 percent

GUIDANCE:

Target sees Q2 2018 EPS of $1.30-$1.50.

• Target expects second quarter comparable sales growth to accelerate into the low to mid single-digit range.

For full-year 2018, Target continues to expect a low-single digit increase in comparable sales, and both GAAP EPS from continuing operations and Adjusted EPS of $5.15 to $5.45.

(Street sees Q2 EPS of $1.35 and FY EPS of $5.28)

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

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