Target is set to report earnings before the bell. Here's what the Street expects

compared with the same period a year earlier. Customers shopped more frequently with the company and bought more when they did. Combined transactions online and in stores rose 4.3% and average tickets grew by 12.3% during the two-month period compared with a year earlier, the company said.

Analysts expect the retailer's same-store sales to jump by 16.8% for the fourth quarter, according to StreetAccount estimates. In the months ahead, Target will face challenging comparisons because of its heightened sales levels during the global health crisis. It will have to hold on to customers and their wallets as Covid-19 cases decline and more Americans get vaccinated, which could prompt people to potentially return to old habits.

As of Monday's close, Target shares have risen nearly 81% over the past year and brought the company's market value to $93.19 billion.

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Fonte: CNBC - 🏆 12. / 72 Leggi di più »