Valued at $63.2 billion by market cap, Target Corporation (TGT) is a premier retail company serving millions of customers across the United States. Headquartered in Minneapolis, Minnesota, the company operates an extensive network of stores and a thriving e-commerce platform, offering a wide range of affordable and quality products, including essentials, home goods, apparel, and groceries. Target is set to announce its Q4 earnings on Tuesday, Mar. 4.
Ahead of the event, analysts expect Target to report a profit of $2.23 per share on a diluted basis, down 25.2% from $2.98 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions. In fiscal Q3, Target reported an adjusted EPS of $1.85, falling 19.2% short of consensus estimates, primarily due to elevated costs and margin pressures.
