Target's Q3 Earnings: Analyst Predictions and Stock Insights
Target is set to report its fiscal third-quarter earnings, with analysts expecting earnings per share of $2.30 and revenue of $25.90 billion. The retailer has been struggling with foot traffic and sales due to cautious consumer spending amid high food and housing costs. To attract price-sensitive shoppers, Target has implemented significant price cuts on thousands of items throughout the year. Despite these efforts, the company remains cautious about its sales outlook, expecting comparable sales to be in the lower half of its previous range.