Target Corp. (NYSE: TGT)
With Target (TGT) releasing its Q2 earnings report before today’s opening bell, analysts are looking to top last year’s Q2 results by 42%. This means analysts expect an average per share profit of $1.11.
With sales of $17.4 billion, analysts have reason to have confidence in this estimate, especially since Target Corp has beat earnings estimates in the last 3 consecutive quarters. Overall, Target shares have risen 5.8% year to date.
As a major competitor of Target’s, analysts are eager to see how Target fared this quarter following the underwhelming release of Wal-Mart’s quarterly financials. This will also be a big release for Target because it will reflect the recent operations restructure.
Lowe’s Companies Inc. (NYSE: LOW)
With their earnings release expected shortly, analysts remain extremely optimistic regarding Lowes (LOW) stock. The $0.84 pre-market rise in share price signals that investors also remain optimistic.
Analysts estimate an average EPS of $1.24 on $17.27 billion in revenue. EPS estimates only fell by 1 cent in the last 90 days, another positive sign. Furthermore, management stands behind its fiscal year EPS of $3.29.
Other analysts remain more pessimistic as excessive rainfall may have interfered with higher revenue projections based on home improvement sales.
NetApp, Inc. (NYSE: NTAP)
NetApp is expected to release Q1 profit of 23 cents a share on revenue of $1.32 billion. This is down from last year’s $0.60 a share and revenue of $1.48 billion.
A change in management this quarter also brought quite a few major operational changes from these new decision makers. These include new investments to compete with startups and employee layoffs.
The projected earnings for this quarter might be low, but they are expected to rise in the upcoming quarters as the investments pay off.