Walmart & Target: A Closer Look at Retail Earnings

From Nasdaq: 2024-11-20 18:52:00

Total Q3 earnings for 469 S&P 500 members are up +6.5%, with 73.8% beating EPS estimates and 61.4% beating revenue estimates. S&P 500 earnings expected to increase +7.7% with +5.6% higher revenues. Target disappoints, missing estimates and guiding lower, while Walmart sees positive results. Target’s challenges suggest Walmart may be gaining market share. Tech sector expected to see +17.1% earnings growth in 2025.



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