These Analysts Revise Their Forecasts On Target After Q2 Earnings

Target Corporation (NYSE:TGT) posted upbeat second-quarter earnings on Wednesday.

The company reported second-quarter adjusted earnings per share of $2.05, beating the analyst consensus estimate of $2.03. Quarterly sales of $25.21 billion (down 0.9% year over year) outpaced the Street view of $24.93 billion.

Target reaffirmed its fiscal year 2025 adjusted EPS guidance at $7.00–$9.00, compared with the Street estimate of $7.35. Target reiterated its outlook for a low-single-digit decline in fiscal year 2025 sales. In the earnings conference call, Target’s outgoing CEO Brian Cornell acknowledged the impact of tariffs on the company’s financial outlook, stating that this year’s P&L would reflect some short-term pressure due to these costs.

“With the board’s unanimous decision to appoint Michael Fiddelke ...