Target Positioned to Beat Earnings Estimates with Rising Forecasts and Strong Growth Trends
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Target (TGT) is set to report earnings soon and estimates have been rising ahead of the report, signaling a potential positive surprise.
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The most accurate EPS estimate for Target is $2.43, slightly above the Zacks consensus of $2.41 per share. This gives Target a positive Earnings ESP.
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Stocks with a positive ESP and Zacks Rank #3 or better have historically surprised positively nearly 70% of the time. Target meets both criteria.
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Recent Target earnings estimate revisions by analysts suggest favorable underlying trends that could boost results.
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Target's share price has outpaced earnings over the long run, suggesting the market has underestimated its profit growth.