What To Expect From Target’s Earnings
Target (NYSE: TGT) is scheduled to release its first quarter 2016 results before the market opens on Wednesday, May 18. In Q4 2015, Target reported a slight year-over-year (y-o-y) decline in revenue to $21.6 billion while its EBITDA margin was flat at 9.8% compared to the previous year. The company’s earnings of $1.52 per share were up 3 cents per share over Q4 2014 results.
In the upcoming Q1 2016 results, we expect Target’s top line to decline, though that will largely be a result of the sale of its pharmacy business to CVS Health. In terms of the bottom line, the company expects adjusted EPS of $1.25 per share.
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