Target Corporation (TGT) is scheduled to report its fourth-quarter and full-year results on March 5. Wall Street expects the company to post higher quarterly earnings and revenue over the prior-year period. In this piece, I have discussed why it could be wise to buy the stock now.
For the fourth quarter, TGT’s EPS and revenue are expected to increase 27.7% and 1.5% year-over-year to $2.41 and $31.87 billion, respectively. The company has a stellar earnings surprise history, having beaten the consensus EPS estimates in each of the trailing four quarters.
