Target (NYSE:TGT) reported its Q1 earnings results on Wednesday, May 17, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Target beat estimated earnings by 16.48%, reporting an EPS of $2.05 versus an estimate of $1.76.
Revenue was up $152.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.49 which was followed by a 3.62% drop in the share price the next day.
Here’s a look at Target’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.40 | 2.13 | 0.73 | 3.07 |
| EPS Actual | 1.89 | 1.54 | 0.39 | 2.19 |
| Revenue Estimate | 30.72B | 26.38B | 26.09B | 24.37B |
| Revenue Actual | 31.39B | 26.52B | 26.04B | 25.17B |
To track all earnings releases for Target visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
