5 Earnings Reports You Don’t Want to Miss

3. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 49

Shares of Target Corporation (NYSE:TGT) recently rose to a one-month high after delivering impressive profit for its fiscal fourth quarter. The Minnesota-based retail giant reported adjusted earnings of $3.19 per share, compared to $2.67 per share in the same period last year.

Revenue came in at $30.99 billion, representing a surge of 9.4 percent over the same period last year. Analysts expected Target Corporation (NYSE:TGT) to earn $2.86 per share on revenue of $31.41 billion during the quarter.

Target Corporation (NYSE:TGT) also issued its financial outlook for 2022. The company expects its adjusted earnings per share to grow in the high-single-digit and revenue to grow in the low to mid-single-digit.

Speaking on the results, CEO Brian Cornell said:

“Our strong fourth-quarter performance capped off a year of record growth in 2021, reinforcing the durability of our business model and our confidence in long-term profitable growth.”