Target (TGT) closed at $82.25 in the latest trading session, marking a -0.51% move from the prior day. This change was narrower than the S&P 500's daily loss of 3.09%. Meanwhile, the Dow lost 2.41%, and the Nasdaq, a tech-heavy index, lost 4.43%.
Prior to today's trading, shares of the retailer had lost 5.31% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 9.63% and the S&P 500's loss of 6.27% in that time.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be November 20, 2018. The company is expected to report EPS of $1.10, up 20.88% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.75 billion, up 6.5% from the year-ago period.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.38 per share and revenue of $75.13 billion. These results would represent year-over-year changes of +14.23% and +4.52%, respectively.
It is also important to note the recent changes to analyst estimates for TGT. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TGT is currently a Zacks Rank #2 (Buy).
Investors should also note TGT's current valuation metrics, including its Forward P/E ratio of 15.36. This represents a discount compared to its industry's average Forward P/E of 21.81.
Meanwhile, TGT's PEG ratio is currently 2.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.67 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.