Company news: Target's (TGT) quarterly results beat analysts’ expectations

Target (TGT) reported Q4 FY2024 earnings of $2.41 per share (versus $2.98 per share in Q4 FY2023), beating analysts’ consensus estimate of $2.26 per share.

The company’s quarterly revenues amounted to $30.915 bln (-3.1% y/y), slightly beating analysts’ consensus estimate of $30.761 bln.

The company said its Q4 FY2024 comparable sales grew 1.5% y/y.

Target also issued guidance for FY2025, seeing EPS of $8.80-9.80 versus analysts’ consensus estimate of $9.30 and revenues of +~1% y/y to ~$107.7 bln versus analysts’ consensus estimate of $109.11 bln.

TGT rose to $121.25 (+0.41%) in pre-market trading.