Target Full Year 2024 Earnings: EPS Beats Expectations

Target (NYSE:TGT) Full Year 2024 Results

Key Financial Results

• Revenue: US$107.4b (down 1.6% from FY 2023).
• Net income: US$4.14b (up 49% from FY 2023).
• Profit margin: 3.9% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$8.97 (up from US$6.02 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Target EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are up 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Target you should know about.

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