NEW YORK (TheStreet) -- Shares of Target (TGT) were down 0.51% to $66.79 in morning trading Tuesday ahead of the company's scheduled third-quarter earnings report before the market open Wednesday. Here's what analysts are expecting from the retail chain.
The consensus estimate calls for Target to report earnings of 47 cents a share on revenue of $17.56 billion. In the third quarter last year, Target reported earnings of 56 cents a share, which came up short of the expectations of 63 cents a share from analysts polled by Thomson Reuters. Revenue totaled $17.258 billion, which missed the consensus estimate of $17.362 billion.
In the second quarter 2014, Target reported earnings of 78 cents a share, just short of analysts' expectations of 79 cents a share. Revenue totaled $17.406 billion, which beat the consensus estimate of $17.38 billion.
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Separately, TheStreet Ratings team rates TARGET CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TARGET CORP (TGT) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."