Target (NYSE:TGT) reported its Q1 earnings results on Wednesday, May 18, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Target missed estimated earnings by 28.66%, reporting an EPS of $2.19 versus an estimate of $3.07.
Revenue was up $973.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.33 which was followed by a 2.49% increase in the share price the next day.
Here's a look at Target's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.86 | 2.83 | 3.49 | 2.25 |
| EPS Actual | 3.19 | 3.03 | 3.64 | 3.69 |
| Revenue Estimate | 31.41B | 24.78B | 25.08B | 21.81B |
| Revenue Actual | 31.00B | 25.65B | 25.16B | 24.20B |
To track all earnings releases for Target visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
