Minneapolis, Minnesota-based Target Corporation (TGT) owns and operates general merchandise stores. Valued at $68.8 billion by market cap, the company focuses on merchandising operations, which include general merchandise and food discount stores and a fully integrated online business. TGT also offers credit to qualified applicants through its branded proprietary credit cards. The retail giant is expected to announce its fiscal third-quarter earnings for 2024 on Wednesday, Nov. 20.
Ahead of the event, analysts expect TGT to report a profit of $2.28 per share on a diluted basis, up 8.6% from $2.10 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
