Target (TGT) is set to report Q1 (Apr) results tomorrow before the open with a call at 8am ET.
The current S&P CapitalIQ consensus is for EPS of $0.40 and revenue of $19.04 bln.
Expectations have likely been heightened after Walmart's (WMT) big beat today with US WalMart comps at +10%.
In addition to comps, margins will be another metric to watch as TGT has already signaled it will face some headwinds in Q1.
Another headwind that TGT faced in Q1 was store traffic. The retailer has been monitoring store occupancy and metering traffic.
TECHS:
TGT has run about 33% since early April. TGT withdrew guidance so doubt we'll get a specific outlook for Q2 (Jul), however, any qualitative color into how long this buying spree may last will be helpful.
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