3 Growth Stocks With Positive Revisions And Surprises

The recent report included earnings per share of $3.86, which was more than 85% better than the previous year and ahead of expectations by 27%. Net sales of $37.5 billion improved nearly 33% from last year and surpassed the Zacks Consensus Estimate of $34.9 billion. Comparable sales were up 31%.

In addition to continued strong demand for home improvement projects, the company has really benefited from its ‘One Home Depot’ investment plan. The initiative focuses on expanding supply chain facilities, technology investments, and enhancements to the digital experience. All of this certainly came in handy during the pandemic.

The Zacks Consensus Estimate for this year (ending January 2022) is up 10.6% in the past two months to $13.90, while next year (ending January 2023) has grown 7.1% in that time to $14.71. As mentioned above, analysts currently see year-over-year improvement at about 5.8%.  

Target (TGT Quick Quote TGT - Free Report)

The market was being a real jerk this earnings season. It just sat there with arms folded (figurately speaking of course) while strong report after strong report was released. A company had to get a positive reaction, which is exactly what Target (TGT Quick Quote TGT - Free Report) did with its fiscal first-quarter report. You could say that it hit a bullseye… get it?

TGT was one of the brick-and-mortar companies that really showed how to compete with a gamechanger like AMZN and other e-tailers. The company turned itself into an omnichannel entity and was perhaps the best at embracing the future by moving into digital.

These days, the company is making investments in technologies, improving its websites, and modernizing its supply chain to stay up-to-date in the new world of retail. And its fiscal first-quarter report showed that it’s succeeding as it gained more than $1 billion in market share!

Earnings per share of $3.69 destroyed last year’s 59 cents and soared past the Zacks Consensus Estimate by more than 63%. TGT has now beaten our expectations for nine straight quarters with a positive surprise of 62% over the past four.

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