These Analysts Cut Their Forecasts On Target After Downbeat Earnings
These Analysts Cut Their Forecasts On Target After Downbeat Earnings
Target Corp (NYSE:TGT) reported weaker-than-expected first-quarter earnings on Wednesday.
塔吉特公司（紐約證券交易所代碼：TGT）週三公佈的第一季度收益低於預期。
The company reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion, beating the analyst consensus estimate of $24.521 billion. Comparable sales declined 3.7% in the first quarter. Adjusted EPS of $2.03 missed the analyst consensus estimate of $2.06, according to data from Benzinga Pro.
該公司報告稱，24財年第一季度銷售額同比下降3.1％，至245.31億美元，超過了分析師共識估計的245.21億美元。第一季度可比銷售額下降了3.7％。根據Benzinga Pro的數據，調整後的每股收益爲2.03美元，未達到分析師普遍預期的2.06美元。
Operating income margin rate of 5.3% was 10 basis points higher than last year, and the operating income for the quarter fell 2.4% to $1.3 billion.
5.3％的營業收入利潤率比去年高出10個點子，該季度的營業收入下降了2.4％，至13億美元。
"Our first quarter financial performance was in line with our expectations on both the top and bottom line, tracking the trajectory we outlined for this year and setting up a return to growth in the second quarter," said Brian Cornell, chair and chief executive of Target Corporation. "Our topline performance improved for the third consecutive quarter, with growth in our digital business led by strength in our same-day fulfillment services. Consumers continue to respond to the newness and value that we offer across our shopping experience, and we're pleased with early results from the relaunch of Target Circle."
塔吉特公司董事長兼首席執行官布萊恩·康奈爾表示：“我們第一季度的財務業績在收入和利潤上均符合我們的預期，追蹤了我們今年概述的發展軌跡，爲第二季度恢復增長做好了準備。”“我們的收入連續第三個季度有所改善，我們的數字業務增長是由當日配送服務的強勁帶動的。消費者繼續對我們在整個購物體驗中提供的新穎性和價值做出回應，我們對Target Circle重新推出的早期結果感到滿意。”
Target sees second-quarter adjusted EPS of $1.95 – $2.35 against the Street view of $2.19. It expects 0% – 2% increase in comparable sales. The company continues to expect FY24 adjusted EPS of $8.60 – $9.60 versus an estimate of $9.43. It sees 0% – 2% increase in comparable sales.
塔吉特預計，第二季度調整後的每股收益爲1.95美元至2.35美元，而街景爲2.19美元。它預計可比銷售額將增長0％至2％。該公司繼續預計，24財年調整後的每股收益爲8.60美元至9.60美元，而估計爲9.43美元。它預計可比銷售額增長0％至2％。
Target shares fell 8% to close at $143.27 on Wednesday.
週三，塔吉特股價下跌8％，收於143.27美元。
These analysts made changes to their price targets on Target after the company reported quarterly results.
在塔吉特公佈季度業績後，這些分析師更改了塔吉特的目標股價。
- Telsey Advisory Group cut the price target on Target from $195 to $190. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating.
- Morgan Stanley lowered Target price target from $190 to $180. Morgan Stanley analyst Simeon Gutman maintained an Overweight rating.
- 泰爾西諮詢集團將塔吉特的目標股價從195美元下調至190美元。泰爾西諮詢集團分析師約瑟夫·費爾德曼維持跑贏大盤的評級。
- 摩根士丹利將目標股價從190美元下調至180美元。摩根士丹利分析師西蒙·古特曼維持增持評級。
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譯文內容由第三人軟體翻譯。