NEW YORK (TheStreet) -- Shares of Target Corp. (TGT) are down by 0.69% to $77.82 in mid-morning trading on Tuesday, one day before the retail giant is scheduled to release its 2015 first quarter earnings results. Target will report before the market open on Wednesday morning.
Analysts are expecting the company to post a year-over-year increase in earnings and revenue for the most recent quarter.
Target has been forecast to report earnings of $1.03 per share on revenue of $17.08 billion for the quarter ended April 2015.
Last year, Target said it earned 70 cents per share on revenue of $17.05 billion for the 2014 first quarter.
In the previous week, Target announced it will sell its Target Commercial Interiors, a subsidiary that provides office furnishings and related business and commercial services to Omni Workspace Co., which is better known as A&M Business Interior. The value of the sale was not disclosed.
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Separately, TheStreet Ratings team rates TARGET CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TARGET CORP (TGT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."