Earnings Preview: Target Corp.

Target Corp. (TGT) is expected to report Q2 earnings before the market open on Tuesday, August 18 with a conference call scheduled for 10 am ET.

Guidance

Analysts are looking for a profit of 66c on revenue of $15.19B. The consensus range is 63c-70c for EPS, and revenue of $15.01B-$15.49B, according to First Call. Target's June and July same-store sales came in worse than expected, with June SSS down 5.2% and July SSS down 6.5%. On August 6 Target CEO Gregg Steinhafel said its July SSS performance was "in line with our expectation". While its sales remain challenging, Target continues to experience favorable gross margin performance, disciplined expense control in its retail segment, and "modestly improving" risk trends in its credit card segment, he said.

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