Target (TGT) is expected to report Q3 earnings before the open on Wednesday, November 16, with a conference call scheduled for 10:30 am ET.
Analysts are looking for a profit of 74c on revenue of $16.27B. The consensus range is 69c-78c for EPS, and $15.60B-$16.48B for revenue, according to First Call. In its previous quarterly report, the company forecast Q3 EPS of 70c-75c. Consensus at that time was 71c. During the quarter, the company reported that its same store sales rose 4.1% in August, while September same store sales increased 6.5%. However, October same store sales disappointed, rising only 3.3%. After Wal-Mart's Q3 earnings fell short of expectations, driven largely by compressed margins, investors will be anxious to hear how inflationary pressures impacted Target.