Target Q1 earnings preview: What to expect out from retailer

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Target News

Josh Lipton,Retail Stock

Bullseye! The red-and-white themed retailer Target (TGT) is set to report first-quarter earnings tomorrow morning — Wednesday, May 22 — ahead of the market...

) is set to report first-quarter earnings tomorrow morning — Wednesday, May 22 — ahead of the market open, aiming for revenue of $24.13 billion and earnings of $2.05 per share according to analyst estimates.Wednesday, everyone target will release its latest earnings report here with what you the consumer should know is our own, Josh Lipton.Analysts are expecting earnings per share of 205 on revenue of $24.13 billion.The stock is up about 10% this year.

A paid membership program called Target Circle 360 expanding its own higher margin private brands which represent roughly 30% of its business now and more immediately just this week, target announced it was cutting prices on 5000 items this summer.Now he has a buy rating on target.He thinks the cop is gonna say that Q one comparable sales were those from stores and online channels were down about 3%.

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