. That would mark a serious yearly decline in EPS of over 75%, even if it comes in line with consensus. Revenue forecasts are moderately higher than last year. Last quarter Q1 missed mostly due to cost increases along the supply chain. Some of these pressures have since abated, and it will be hoped that Target will produce a similar result.. Target missed on earnings and then produced a subsequent warning in June.
The reaction might be different this time however. The equity rally is beginning to slow, and Target is overbought on both the Relative Strength Index and the Money Flow Index . The risk-reward trade forInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: Reuters - 🏆 2. / 97 Läs mer »
Källa: DailyFX - 🏆 305. / 63 Läs mer »