Target Corporation (TGT) is set to report its earnings before the market opens on March 3, 2026, with expectations of $2.17 per share on $30.52 billion in revenues, reflecting a year-over-year decline of -10% in earnings and -1.3% in revenues. Meanwhile, Best Buy (BBY) will report the same day, expected to generate $2.48 per share and $13.91 billion in revenues, a -3.9% and -0.3% change year-over-year respectively.
As of late February, 22 of the 30 retailers in the S&P 500 have reported Q4 earnings, showing an overall increase of +6.9% in earnings and +8.6% in revenues from the previous year. Yet, only 50% of these retailers beat EPS estimates, marking the lowest performance within the 16 Zacks sectors this earnings season. In contrast, major competitors like Walmart (WMT) have performed better, with a notable +29.2% increase in stock value over the last year.
Overall, the earnings season has seen 481 S&P 500 members reporting a total earnings increase of +15.1%, with 74.8% surpassing EPS estimates. As more than 300 companies prepare to report their results, this week will be pivotal for the retail sector’s performance amid varying consumer spending trends.
