Behind Target’s Top-Line Turnaround Story
Target’s (TGT) strong e-commerce sales were one of the key drivers of its turnaround story in fiscal 2Q17.
Target’s (TGT) fiscal 2Q17 margins fell, despite its healthy growth in sales.
A majority of analysts have maintained a neutral stance on Target (TGT) stock.
Target’s sales of $16.4 billion beat the Wall Street expectation and rose 1.6% YoY (year-over-year), thanks to improved store traffic and stellar digital sales.
Target’s adjusted earnings per share of $1.23 surpassed the analysts’ estimate of $1.19, thanks to improved store traffic and strong digital sales.
Target (TGT) reported strong fiscal 2Q17 results that surpassed analysts’ sales and earnings per share estimates.
The J.M. Smucker Company’s (SJM) fiscal 1Q18 margins are expected to fall despite the company’s cost saving measures.
Most of the analysts providing recommendations for J.M. Smucker (SJM) maintain a neutral outlook on the stock.
Wall Street analysts expect J.M. Smucker to report adjusted EPS (earnings per share) of $1.63, down 12.4% YoY (year-over-year).
Analysts covering J.M. Smucker (SJM) expect it to report sales of $1.8 billion in fiscal 1Q18.
SJM stock has fallen 4.0% on a YTD (year-to-date) basis and has underperformed the S&P 500 Index (SPX-INDEX).
Target (TGT) stock gained 1.4% before closing at $55.79 on Monday, August 14, following its announcement of the Grand Junction acquisition.
Target’s (TGT) acquisition of transportation tech startup Grand Junction could help it augment its delivery capabilities and boost its digital business.
As of August 10, 2107, Wal-Mart Stores (WMT) stock was trading at a 12-month forward PE (price-to-earnings) of 18.2x.
The majority of analysts providing recommendations for Wal-Mart Stores (WMT) stock have maintained a neutral stance.
Wal-Mart Stores’ (WMT) US segment, which accounts for the majority of its sales and profits, is seeing improved sales trends.
Wall Street analysts expect Wal-Mart Stores (WMT) to post sales of $122.9 billion in fiscal 2Q18, which would be 1.7% higher than in fiscal 2Q17.
Wall Street analysts expect Walmart’s (WMT) fiscal 2Q18 adjusted earnings per share to remain flat at $1.07 on a year-over-year basis.
After Monster Beverage (MNST) released its 2Q17 results on August 8, 2017, many analysts revised their price targets for the stock.
Monster Beverage (MNST) stock fell 1.1% to $52.03 on August 9, 2017, in reaction to the company’s 2Q17 results.