Target: Q1 Earnings Insights - Target (NYSE:TGT)

Target TGT reported its Q1 earnings results on Wednesday, May 17, 2023 at 06:30 AM.

Here's what investors need to know about the announcement.

Target beat estimated earnings by 16.48%, reporting an EPS of $2.05 versus an estimate of $1.76.

Revenue was up $152.00 million from the same period last year.

Last quarter the company beat on EPS by $0.49 which was followed by a 3.62% drop in the share price the next day.

Here's a look at Target's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.40	2.13	0.73	3.07
EPS Actual	1.89	1.54	0.39	2.19
Revenue Estimate	30.72B	26.38B	26.09B	24.37B
Revenue Actual	31.39B	26.52B	26.04B	25.17B

To track all earnings releases for Target visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.