Minneapolis, Minnesota-based Target Corporation (TGT) operates as a general merchandise retailer, offering apparel, accessories, pet supplies, food and beverage products, appliances, home decor, and more. Valued at nearly $48.4 billion by market cap, Target operates as one of the largest discount retailers in the U.S.
The retailer is expected to announce its second-quarter results on Wednesday, Aug. 20. Ahead of the event, analysts expect TGT to report an adjusted EPS of $2.08, down a significant 19.1% from $2.57 reported in the year-ago quarter. While the company has missed the Street’s bottom-line estimates twice over the past four quarters, it surpassed the projections on two other occasions.
