Key TakeawaysThe S&P 500 was flat on Wednesday, Nov. 20, as markets braced for afternoon earnings news from AI chip powerhouse Nvidia, the world's highest-capitalized company.Target shares plunged as the retailer missed quarterly estimates, noting cautious consumer spending behavior.AI investments helped electronic testing supplier Keysight top quarterly expectations, increasing its shares. Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly ...

Advertisement Target's third-quarter results came up short, with sales growth of 0.3% from last year.The company described a shift in consumer spending from "resilient" to "resourceful."Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said.Target has described US households as "resilient" in recent quarters. Now, the retailer is rolling out a new descriptor for shoppers this fall: "resourceful."Looking to stretch their budgets just a little fa ...

Based on the market reaction, it seems the third quarter couldn't have gone worse for discount retailer Target (TGT -20.56%). And that initial response looks about right. The company missed third-quarter revenue and earnings estimates and slashed its full-year guidance.It was the biggest earnings miss for the company in two years. And the stock got rocked. Shares were holding near session lows down a whopping 21.6% as of 12:40 p.m. ET. But amid all the negativity, there might be room for investors to benefi ...

As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value.“Consumers tell us their budgets are being stretched,” Cornell said Wednesday (Nov. 20) during the company’s third-quarter earnings call. “They’re becoming resourceful, focusing on deals, then stocking up when they find ...

Key TakeawaysInflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said.People haven't had such a strong reaction to promotions in a while, the retailer said.Fewer big-ticket discretionary items are selling, but people are still looking for small splurges. Target shoppers are all-in on deals. Customers are taking a calculated approach to shopping, Target (TGT) said, noting as it reported its latest financial results that its customers have said their budgets rema ...

Target Corporation TGT shares are trading lower on Wednesday after it reported weak third-quarter results and slashed FY24 outlook.The company reported third-quarter adjusted earnings per share of $1.85, missing the street view of $2.30.For FY24, the company now forecasts adjusted EPS between $8.30 and $8.90, down from the previous guidance of $9.00 to $9.70. The revised FY24 EPS outlook is also below the consensus estimate of $9.55.Here are the analyst’s take on the earnings performance:JP Morgan analyst C ...

核心观点 - 尽管采取了全面降价和提前进行假日促销等措施，塔吉特公司（Target）第三季度的盈利和营收仍令人失望，而竞争对手沃尔玛（Walmart）的强劲业绩也未对其有太大帮助，塔吉特股价因此下跌，华尔街分析师也降低了对其业绩的预期，德意志银行（Deutsche Bank）还将其评级下调为持有[1][2][9] 塔吉特公司业绩情况 - 截至11月2日的季度，塔吉特净收入降至8.54亿美元，上年同期为9.71亿美元，总营收增长1.1%至256.7亿美元，低于分析师预期的258.8亿美元，店内客流量增长2.4%[5] - 可比销售额微升0.3%，低于华尔街预期，数字可比销售额表现较好，增长10.8%，反映出当日送达增长近20%，路边提货实现两位数增长，而相比之下，可比门店销售额下降1.9%，表现较好的品类包括美妆（可比销售额增长超过6%）、食品饮料和必需品品类也较上年有低个位数增长[6] - 公司看到业务中的几个优势，包括客流量增长2.4%、数字渠道增长近11%、美妆和高频品类持续增长，但也遇到一些独特挑战和成本压力影响了底线业绩，如非必需品类别的持续疲软以及应对10月港口罢工相关的更高成本，消费者在非必需品上的支出仍很谨慎[3][4] 与沃尔玛对比情况 - 沃尔玛公布了强劲的第三季度业绩并上调了预期，塔吉特在其之后一天发布业绩，华尔街的塔吉特股票观察者对其业绩更新感到失望并降低了预期，随着沃尔玛市场份额的增加，塔吉特似乎最有可能失去更多份额[9] 市场反应 - 塔吉特股价受此消息影响暴跌，过去几天跌幅略超20%，此前12个月虽有涨有跌但总体恢复了类似幅度的价值，公司还下调了全年展望（此前8月曾上调）[2] - 德意志银行将塔吉特评级从买入下调为持有，理由是需要大量基础设施和供应链投资来保持竞争力，这可能会压低利润率，分析师还将该股目标价下调至108美元[10]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

核心观点 - Target公司财报未达预期且全年展望不佳拖累零售行业 其他零售公司如Abercrombie & Fitch Co、Macy's Inc、Urban Outfitters, Inc.财报即将发布且临近黑色星期五 此时关注这些公司股票情况 [1] Abercrombie & Fitch Co相关 - 股价下跌2.4%至139.24美元 连续三日下跌 正在测试20日移动平均线 今年以来仍有57.9%的涨幅 139美元可能提供支撑 [2] - 过去八次财报发布后的下一个交易日 有五次股价上涨 [4] Macy's Inc相关 - 股价下跌3.7%至14.58美元 为9月以来最低水平 上周未能突破80日趋势线 近9个交易日中8次下跌 2024年至今已下跌27.4% [3] - 过去八次财报发布后的下一个交易日 有六次股价上涨 [4] Urban Outfitters, Inc.相关 - 今年以来有小幅涨幅 但近9个月下跌15.3% 目前股价下跌2%至36.87美元 五个交易日中第四个交易日下跌 60日趋势线提供支撑 [3] - 过去两年财报发布后 半数情况下股价下跌 [4] 三家公司共同情况 - 期权市场对三家公司股票波动预期高于平常 不论涨跌方向 [4]

Target on Wednesday reported earnings and revenue far below expectations, and cut its full-year forecast as inflation-battered customers fled to rivals like Walmart for low-priced essentials — sending shares plummeting more than 20%. The Minneapolis-based company reported a 20% earnings miss, posting earnings per share of $1.85, below expectations of $2.30. It was Target’s largest miss in two years.The disappointing results are in stark contrast to the world’s no. 1 retailer Walmart, which raised its annual ...