Target Corp(TGT)Earnings Date, History & Expected Move

Next report date, beat rate and options-implied move

Next report

Nov 18, 2026

TGT is scheduled to report on Nov 18, 2026, before the market opens. Analysts expect EPS of $2.07.

Next report

Nov 18, 2026

In 25 days · before open

EPS beat rate

75%

9 of 12 quarters

Avg move after earnings

±8.5%

Up 42% of the time · last 12

Options-implied move

—

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EPS: Actual vs Estimate

Reported EPS against the consensus estimate, last 12 quarters.

Green beat or met, red missed, amber sources differ.

Stock Reaction After Earnings

Close-to-close move in the first session that reflected each report.

Dashed lines mark the average actual move (±8.5%).

Did the stock rise after good news?

The next-day move after each of its last 9 EPS beats and 3 misses.

When it beat expectations

9 reports

▲ Rose 5×

▼ Fell 4×

When it missed expectations

3 reports

▼ Fell 3×

In plain words: it beat expectations 9 times, but the stock still fell 4 of those 9 times.

Report by report

Aug '26
Beat
▲ +4.3%
May '26
Beat
▼ -3.9%
Mar '26
Beat
▲ +6.7%
Nov '25
Beat
▼ -2.8%
Aug '25
Beat
▼ -6.3%
May '25
Missed
▼ -5.2%
Mar '25
Beat
▼ -3.0%
Nov '24
Missed
▼ -22.0%
Aug '24
Beat
▲ +10.3%
May '24
Missed
▼ -8.0%
Mar '24
Beat
▲ +12.0%
Nov '23
Beat
▲ +17.8%

Clear beats and misses with a known reaction only. What counts as a beat

After an EPS beat

+3.9%

average next-day move · up 56% of 9 times

After an EPS miss

-11.7%

average next-day move · up 0% of 3 times

Why did TGT fall after beating earnings?

4 of TGT's last 12 reactions went against the EPS result. What stands out in each:

TGT beat EPS estimates in 9 quarters, and the stock still closed lower the next day 4 times. In 1 of the 4 where we have price data, the stock had already run up before the report.

May 20, 2026EPS beat +17.1%stock -3.9% next day
- It had risen 4.5% in the final week before the report, so good news may already have been priced in.
- It opened 5.5% lower as soon as trading resumed.
Nov 19, 2025EPS beat +4.1%stock -2.8% next day
- It opened 2.4% lower as soon as trading resumed.
Aug 20, 2025EPS beat +1.0%stock -6.3% next day
- The EPS beat was small (+1.0%).
- It opened 10.4% lower as soon as trading resumed.
Mar 4, 2025EPS beat +7.1%stock -3.0% next day
- It opened 2.7% lower as soon as trading resumed.

Patterns in estimates and prices, not confirmed causes: how we read them.

Was TGT's earnings move already priced in?

TGT's move in the month before each of its last 12 reports, against what it did after.

Avg move in the month before

-0.5%

last 12 reports

Higher before the report

42%

of the time

After a run-up of 3%+

Fell 40%

5 reports, avg -0.8%

After a drop of 3%+

Rose 20%

5 reports, avg -1.5%

How the run-up is measured (a move of 5% or more counts as large).

Before vs after each report

Grey: the month before each of the last 12 reports. Green or red: the day after.

Past reports only. How the run-up is measured

Does TGT hold its opening gap after earnings?

TGT's opening move after each report and where it closed that day.

In 12 reports TGT opened at least 1% away from the previous close. It gave back half or more of that gap by the close 1 of 12 times (8%), and fully reversed 1 time. Gaps up faded 0 of 4; gaps down recovered 1 of 8.

Aug 19, 2026Reversed
Opened -3.1%, closed +4.3%
May 20, 2026Held
Opened -5.5%, closed -3.9%
Mar 3, 2026Held
Opened +2.5%, closed +6.7%
Nov 19, 2025Held
Opened -2.4%, closed -2.8%
Aug 20, 2025Held
Opened -10.4%, closed -6.3%
May 21, 2025Held
Opened -6.7%, closed -5.2%
Mar 4, 2025Held
Opened -2.7%, closed -3.0%
Nov 20, 2024Held
Opened -17.9%, closed -22.0%

How gaps, fades and reversals are defined

What the history says

TGT has beaten EPS estimates in 5 straight quarters.
It fell after 4 of its 9 EPS beats (44%): beating estimates has not been enough on its own.

TGT earnings history

Last 12 reported quarters with the stock's reaction.

Swipe sideways to see every column →

Report date	Time	EPS est.	EPS actual	Surprise	1-day move	3-day move
Aug 19, 2026	Before open	$2.34	$4.11	+75.6%	+4.28%	+8.50%
May 20, 2026	Before open	$1.46	$1.71	+17.1%	-3.86%	-1.29%
Mar 3, 2026	Before open	$2.16	$2.44	+13.0%	+6.74%	+6.35%
Nov 19, 2025	Before open	$1.71	$1.78	+4.1%	-2.77%	-1.03%
Aug 20, 2025	Before open	$2.03	$2.05	+1.0%	-6.33%	-5.81%
May 21, 2025	Before open	$1.65	$1.30	-21.2%	-5.21%	-3.90%
Mar 4, 2025	Before open	$2.25	$2.41	+7.1%	-3.00%	-5.56%
Nov 20, 2024	Before open	$2.30	$1.85	-19.6%	-21.97%	-19.87%
Aug 21, 2024	Before open	$2.18	$2.57	+17.9%	+10.34%	+9.82%
May 22, 2024	Before open	$2.06	$2.03	-1.5%	-8.03%	-6.77%
Mar 5, 2024	Before open	$2.41	$2.98	+23.7%	+12.02%	+13.99%
Nov 15, 2023	Before open	$1.48	$2.10	+41.9%	+17.75%	+17.24%

Consensus for the next report: EPS $2.07, revenue $26.71B.

TGT Earnings FAQ

Answers computed from Target Corp's reported history

TGT is scheduled to report on Nov 18, 2026, before the market opens. Analysts expect EPS of $2.07.

Over the last 12 quarters with a usable EPS surprise, TGT beat the consensus estimate 9 times (75%), missed 3 and landed in line 0. It has beaten estimates in each of the last 5 counted quarters.

Across its last 12 quarters with a measured reaction, TGT moved an average of ±8.5% in the first session after reporting. It closed higher 42% of the time; the largest gain was 17.8% and the largest drop -22.0%.

TGT fell in the first session after 4 of its last 9 EPS beats (44%). A beat that was already priced in, or weaker guidance, can send a stock lower. In 1 of the 4 of those falls where price data is available, the stock had already risen before the report.

Across its last 12 quarters with price data, TGT moved an average of -0.5% in the 20 trading sessions before reporting and was higher in 42% of them. After a run-up of 3% or more (5 quarters), it fell the next day 40% of the time, averaging -0.8%. After a drop of 3% or more (5 quarters), it rose the next day 20% of the time, averaging -1.5%. This describes past reports; it is not a forecast.

In 12 reports TGT opened at least 1% away from the previous close. It gave back half or more of that gap by the close 1 of 12 times (8%), and fully reversed once. A fade means the opening move was partly undone during the first session.

How we calculate these numbers · TGT: 12 reported quarters, latest Aug 19, 2026. Information only, not investment advice.

Earnings this week

Every report this week with expected moves.

Biggest expected earnings moves

Options-implied vs historical move, ranked.