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TARGET (TGT) 3Q17 Results: Beats on Revenues, EPS and Comps; Raises Full-Year EPS Guidance

Executive Summary

  • Target reported 3Q17 adjusted EPS of $0.91, down 12.6% from $1.04 in the year-ago quarter but ahead of the $0.86 consensus estimate. Total revenues were $16.67 billion, up 1.4% year over year and ahead of the $16.60 billion consensus estimate.
  • Comps were 0.9%, beating the 0.4% consensus estimate.
  • The company raised its full-year adjusted EPS guidance range to $4.40–$4.60 from $4.34–$4.54 previously.
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