NEW YORK (TheStreet) -- Target Corp. (TGT) - Get Report shares are higher by 0.97% to $73.17 on Tuesday ahead of the discount retailer's fourth quarter 2015 earnings due out Wednesday before the market open.
Wall Street is looking for earnings of $1.54 a share on revenue of $21.75 billion.
Profit is expected to be higher than a year ago when the company earned $1.50 a share, while revenue is projected to remain the same.
Target is likely to top forecasts this quarter, Zacks Equity Research analysts said, citing diversification of assortments, development of omni-channel capacities, and focus on smaller format stores.
In particular, investors will be closely eyeing the company's same-store-sales.
(Target is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial).
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TGT