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 $43.6 billion by market cap, Target operates as one of the largest discount retailers in the U.S.
The retailer is expected to announce its first-quarter results before the market opens on Wednesday, May 21. Ahead of the event, analysts expect TGT to report an adjusted EPS of $1.76, down 13.3% from $2.03 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.
