Subtext

Target Corporation TGT

SectorConsumer Staples
Transcripts73
Date range2006-02-16 – 2025-03-04
Calls charted72

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-25-13+0+13+252005 Q42008 Q22011 Q12013 Q32015 Q42018 Q12020 Q22022 Q32005 Q4 · Overall: +14.42006 Q1 · Overall: +4.72006 Q2 · Overall: +5.32006 Q3 · Overall: +7.42006 Q4 · Overall: +13.52007 Q2 · Overall: +7.22007 Q3 · Overall: +4.62007 Q4 · Overall: +13.12008 Q1 · Overall: +7.22008 Q2 · Overall: +7.92008 Q3 · Overall: -3.12008 Q4 · Overall: +2.62009 Q1 · Overall: +8.92009 Q2 · Overall: +8.92009 Q3 · Overall: +11.62009 Q4 · Overall: +15.32010 Q1 · Overall: +6.82010 Q3 · Overall: +13.02011 Q1 · Overall: +13.62011 Q2 · Overall: +11.12011 Q3 · Overall: +13.92011 Q4 · Overall: +8.02012 Q1 · Overall: +10.22012 Q3 · Overall: +9.12012 Q4 · Overall: +3.12013 Q1 · Overall: +5.42013 Q2 · Overall: +9.32013 Q3 · Overall: +6.82013 Q4 · Overall: +1.22014 Q1 · Overall: +6.72014 Q2 · Overall: +12.12014 Q3 · Overall: +11.62014 Q4 · Overall: +17.42015 Q1 · Overall: +12.62015 Q2 · Overall: +18.12015 Q3 · Overall: +10.12015 Q4 · Overall: +14.02016 Q1 · Overall: +5.82016 Q2 · Overall: +14.32016 Q3 · Overall: +22.02016 Q4 · Overall: +10.72017 Q1 · Overall: +15.42017 Q2 · Overall: +11.72017 Q3 · Overall: +15.72017 Q4 · Overall: +9.32018 Q1 · Overall: +18.82018 Q2 · Overall: +15.12018 Q3 · Overall: +17.42018 Q4 · Overall: +16.32019 Q1 · Overall: +17.72019 Q2 · Overall: +12.82019 Q3 · Overall: +18.62019 Q4 · Overall: +7.42020 Q1 · Overall: +2.52020 Q2 · Overall: +8.42020 Q3 · Overall: +2.82020 Q4 · Overall: +6.72021 Q1 · Overall: +14.42021 Q2 · Overall: +12.82021 Q3 · Overall: +6.82021 Q4 · Overall: +12.22022 Q1 · Overall: -0.62022 Q2 · Overall: +5.82022 Q3 · Overall: -0.32022 Q4 · Overall: +12.42023 Q1 · Overall: +0.02023 Q3 · Overall: +12.12023 Q4 · Overall: +14.82024 Q1 · Overall: +14.32024 Q2 · Overall: +17.92024 Q3 · Overall: +13.92024 Q4 · Overall: +17.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-40-20+0+20+402005 Q42008 Q22011 Q12013 Q32015 Q42018 Q12020 Q22022 Q32005 Q4 · CEO: +9.32006 Q1 · CEO: +20.72006 Q2 · CEO: +10.82006 Q3 · CEO: +26.92006 Q4 · CEO: +27.22007 Q2 · CEO: +16.62007 Q3 · CEO: +3.42007 Q4 · CEO: +21.62008 Q2 · CEO: +14.42008 Q3 · CEO: +12.12008 Q4 · CEO: +9.92009 Q1 · CEO: +6.12009 Q2 · CEO: +12.62009 Q3 · CEO: +20.42009 Q4 · CEO: +19.52010 Q1 · CEO: +10.62010 Q3 · CEO: +20.62011 Q1 · CEO: +25.82011 Q2 · CEO: +21.52011 Q3 · CEO: +19.72011 Q4 · CEO: +9.22012 Q3 · CEO: +27.52012 Q4 · CEO: +7.52013 Q1 · CEO: +21.42013 Q2 · CEO: +11.72013 Q3 · CEO: +8.62014 Q1 · CEO: +7.52014 Q2 · CEO: +25.02014 Q3 · CEO: +17.62015 Q1 · CEO: +17.92015 Q2 · CEO: +31.82015 Q3 · CEO: +20.42016 Q1 · CEO: +12.52016 Q2 · CEO: +18.42016 Q3 · CEO: +34.32017 Q1 · CEO: +26.12017 Q2 · CEO: +18.72017 Q3 · CEO: +30.02018 Q1 · CEO: +29.52018 Q2 · CEO: +17.82018 Q3 · CEO: +22.42019 Q1 · CEO: +25.12019 Q2 · CEO: +20.02019 Q3 · CEO: +23.72020 Q1 · CEO: +2.72020 Q2 · CEO: +15.72020 Q3 · CEO: +9.52021 Q1 · CEO: +12.62021 Q2 · CEO: +28.52022 Q3 · CEO: +13.92023 Q1 · CEO: +8.12024 Q2 · CEO: +25.22024 Q3 · CEO: +16.02005 Q4 · CFO: +9.32006 Q1 · CFO: +4.12006 Q2 · CFO: +9.02006 Q3 · CFO: +4.62006 Q4 · CFO: +7.12007 Q2 · CFO: +2.12007 Q3 · CFO: +2.52007 Q4 · CFO: +13.52008 Q1 · CFO: +8.52008 Q2 · CFO: +2.12008 Q3 · CFO: -10.82008 Q4 · CFO: +0.32009 Q1 · CFO: +4.32009 Q2 · CFO: +10.12009 Q3 · CFO: +1.22009 Q4 · CFO: +8.92010 Q1 · CFO: +0.72010 Q3 · CFO: +11.02011 Q1 · CFO: +11.72011 Q2 · CFO: +6.42011 Q3 · CFO: +8.42011 Q4 · CFO: +2.22012 Q1 · CFO: +10.72012 Q3 · CFO: +10.02012 Q4 · CFO: +7.02013 Q1 · CFO: +3.02013 Q2 · CFO: +14.62013 Q3 · CFO: +6.22013 Q4 · CFO: +5.62014 Q2 · CFO: +16.32014 Q3 · CFO: +11.92015 Q1 · CFO: +18.42015 Q2 · CFO: +16.52015 Q3 · CFO: +6.32016 Q1 · CFO: +18.72016 Q2 · CFO: +26.72016 Q3 · CFO: +14.32017 Q1 · CFO: +10.32017 Q2 · CFO: +12.22017 Q3 · CFO: +34.62018 Q1 · CFO: +21.42018 Q2 · CFO: +21.92018 Q3 · CFO: +15.92019 Q1 · CFO: +10.22019 Q2 · CFO: +12.32019 Q3 · CFO: +26.82020 Q1 · CFO: +8.02020 Q2 · CFO: +3.62020 Q3 · CFO: +6.52021 Q1 · CFO: +6.62021 Q2 · CFO: +19.22022 Q3 · CFO: +3.62023 Q1 · CFO: +1.92024 Q3 · CFO: +13.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-72-36+0+36+722005 Q42008 Q22011 Q12013 Q32015 Q42018 Q12020 Q22022 Q32005 Q4 · Prepared remarks: +14.72006 Q1 · Prepared remarks: +22.62006 Q2 · Prepared remarks: +17.42006 Q3 · Prepared remarks: +21.72006 Q4 · Prepared remarks: +28.42007 Q2 · Prepared remarks: +19.82007 Q3 · Prepared remarks: +14.42007 Q4 · Prepared remarks: +15.22008 Q1 · Prepared remarks: +10.12008 Q2 · Prepared remarks: +8.12008 Q3 · Prepared remarks: +5.72008 Q4 · Prepared remarks: +13.92009 Q1 · Prepared remarks: +18.82009 Q2 · Prepared remarks: +19.62009 Q3 · Prepared remarks: +22.42009 Q4 · Prepared remarks: +27.32010 Q1 · Prepared remarks: +17.52010 Q3 · Prepared remarks: +23.02011 Q1 · Prepared remarks: +21.42011 Q2 · Prepared remarks: +18.92011 Q3 · Prepared remarks: +19.12011 Q4 · Prepared remarks: +9.12012 Q1 · Prepared remarks: +43.52012 Q3 · Prepared remarks: +62.22012 Q4 · Prepared remarks: +18.22013 Q1 · Prepared remarks: +0.02013 Q2 · Prepared remarks: +21.42013 Q3 · Prepared remarks: +16.22013 Q4 · Prepared remarks: -7.02014 Q1 · Prepared remarks: -8.12014 Q2 · Prepared remarks: +19.72014 Q3 · Prepared remarks: +25.02014 Q4 · Prepared remarks: +20.82015 Q1 · Prepared remarks: +29.92015 Q2 · Prepared remarks: +44.22015 Q3 · Prepared remarks: +21.32015 Q4 · Prepared remarks: +19.12016 Q1 · Prepared remarks: +20.02016 Q2 · Prepared remarks: +29.72016 Q3 · Prepared remarks: +39.62016 Q4 · Prepared remarks: +10.62017 Q1 · Prepared remarks: +14.22017 Q2 · Prepared remarks: +29.62017 Q3 · Prepared remarks: +22.62017 Q4 · Prepared remarks: +9.32018 Q1 · Prepared remarks: +30.02018 Q2 · Prepared remarks: +25.22018 Q3 · Prepared remarks: +22.22018 Q4 · Prepared remarks: +16.32019 Q1 · Prepared remarks: +24.32019 Q2 · Prepared remarks: +12.72019 Q3 · Prepared remarks: +30.02019 Q4 · Prepared remarks: +10.12020 Q1 · Prepared remarks: +10.42020 Q2 · Prepared remarks: +12.52020 Q3 · Prepared remarks: +14.32020 Q4 · Prepared remarks: +1.02021 Q1 · Prepared remarks: +30.22021 Q2 · Prepared remarks: +20.12021 Q3 · Prepared remarks: +12.12021 Q4 · Prepared remarks: +12.22022 Q1 · Prepared remarks: +2.22022 Q2 · Prepared remarks: +10.02022 Q3 · Prepared remarks: +7.52022 Q4 · Prepared remarks: +12.62023 Q1 · Prepared remarks: +1.52023 Q3 · Prepared remarks: +19.42023 Q4 · Prepared remarks: +14.92024 Q1 · Prepared remarks: +31.42024 Q2 · Prepared remarks: +17.52024 Q3 · Prepared remarks: +16.12024 Q4 · Prepared remarks: +17.02006 Q1 · Q&A responses: +2.72006 Q2 · Q&A responses: +3.52006 Q3 · Q&A responses: +4.72006 Q4 · Q&A responses: +9.22007 Q2 · Q&A responses: +6.02007 Q3 · Q&A responses: +1.82007 Q4 · Q&A responses: +14.62008 Q1 · Q&A responses: +7.32008 Q2 · Q&A responses: +9.72008 Q3 · Q&A responses: -2.92008 Q4 · Q&A responses: +0.32009 Q1 · Q&A responses: -1.12009 Q2 · Q&A responses: +1.62009 Q3 · Q&A responses: +7.12009 Q4 · Q&A responses: +8.62010 Q1 · Q&A responses: +1.42010 Q3 · Q&A responses: +4.12011 Q1 · Q&A responses: +14.22011 Q2 · Q&A responses: +10.22011 Q3 · Q&A responses: +13.52011 Q4 · Q&A responses: +14.12012 Q1 · Q&A responses: +17.12012 Q3 · Q&A responses: +13.72012 Q4 · Q&A responses: +5.82013 Q1 · Q&A responses: +11.72013 Q2 · Q&A responses: +12.22013 Q3 · Q&A responses: +12.52013 Q4 · Q&A responses: +6.92014 Q1 · Q&A responses: +16.32014 Q2 · Q&A responses: +18.32014 Q3 · Q&A responses: +16.32014 Q4 · Q&A responses: +20.72015 Q1 · Q&A responses: +17.22015 Q2 · Q&A responses: +25.12015 Q3 · Q&A responses: +17.82015 Q4 · Q&A responses: +23.32016 Q1 · Q&A responses: +12.52016 Q2 · Q&A responses: +20.52016 Q3 · Q&A responses: +31.02017 Q1 · Q&A responses: +21.42017 Q2 · Q&A responses: +16.02017 Q3 · Q&A responses: +14.72018 Q1 · Q&A responses: +22.02018 Q2 · Q&A responses: +18.82018 Q3 · Q&A responses: +19.72019 Q1 · Q&A responses: +24.32019 Q2 · Q&A responses: +19.52019 Q3 · Q&A responses: +24.62019 Q4 · Q&A responses: +13.32020 Q1 · Q&A responses: +7.22020 Q2 · Q&A responses: +11.72020 Q3 · Q&A responses: +9.12020 Q4 · Q&A responses: +16.12021 Q1 · Q&A responses: +17.22021 Q2 · Q&A responses: +24.32021 Q3 · Q&A responses: +16.22022 Q1 · Q&A responses: +9.62022 Q2 · Q&A responses: +11.92022 Q3 · Q&A responses: +9.72023 Q1 · Q&A responses: +7.22023 Q3 · Q&A responses: +17.02024 Q1 · Q&A responses: +20.02024 Q2 · Q&A responses: +24.22024 Q3 · Q&A responses: +15.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.71$9.21$15.702005 Q42008 Q22011 Q12013 Q32015 Q42018 Q12020 Q22022 Q32014 Q1: $4.142014 Q2: $3.952014 Q3: $3.612014 Q4: $3.802015 Q1: $4.632015 Q2: $4.802015 Q3: $5.002015 Q4: $5.122016 Q1: $5.372016 Q2: $5.352016 Q3: $5.212016 Q4: $5.492017 Q1: $4.042017 Q2: $4.212017 Q3: $4.442017 Q4: $4.262018 Q1: $5.302018 Q2: $5.342018 Q3: $5.552018 Q4: $5.592019 Q1: $5.912019 Q2: $6.092019 Q3: $6.452019 Q4: $6.892020 Q1: $6.952020 Q2: $5.732020 Q3: $7.502020 Q4: $8.542021 Q1: $8.812021 Q2: $12.182021 Q3: $12.932021 Q4: $13.372022 Q1: $14.802022 Q2: $10.222022 Q3: $10.662022 Q4: $9.232023 Q1: $8.792023 Q3: $8.532023 Q4: $9.022024 Q1: $9.582024 Q2: $9.822024 Q3: $10.20

Forward P/E

10.4915.9521.402005 Q42008 Q22011 Q12013 Q32015 Q42018 Q12020 Q22022 Q32014 Q1: 14.382014 Q2: 14.862014 Q3: 17.422014 Q4: 19.362015 Q1: 17.492015 Q2: 17.092015 Q3: 15.702015 Q4: 14.412016 Q1: 15.342016 Q2: 12.572016 Q3: 13.102016 Q4: 14.072017 Q1: 13.512017 Q2: 13.752017 Q3: 13.412017 Q4: 14.732018 Q1: 13.342018 Q2: 14.602018 Q3: 15.712018 Q4: 11.242019 Q1: 13.062019 Q2: 14.152019 Q3: 16.592019 Q4: 18.602020 Q1: 14.802020 Q2: 20.652020 Q3: 19.732020 Q4: 20.112021 Q1: 20.242021 Q2: 18.982021 Q3: 18.882021 Q4: 17.702022 Q1: 14.572022 Q2: 14.432022 Q3: 15.512022 Q4: 16.522023 Q1: 18.102023 Q3: 14.412023 Q4: 15.352024 Q1: 17.392024 Q2: 14.522024 Q3: 15.05

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↑ +5.4 fwd EPS ↓ -0.19 Tone rose while the forward EPS estimate was cut.
  • 2015 Q1 tone ↓ -4.8 fwd EPS ↑ +0.83 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -8.0 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -8.1 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↑ +7.7 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2016 Q4 tone ↓ -11.3 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↑ +4.8 fwd EPS ↓ -1.45 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -3.7 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -5.0 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -11.3 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.9 fwd EPS ↓ -1.22 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -5.6 fwd EPS ↑ +1.77 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -6.0 fwd EPS ↑ +0.75 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -12.8 fwd EPS ↑ +1.43 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↑ +6.4 fwd EPS ↓ -4.58 Tone rose while the forward EPS estimate was cut.
  • 2022 Q3 tone ↓ -6.1 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +12.7 fwd EPS ↓ -1.43 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +12.1 fwd EPS ↓ -0.26 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -4.0 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2024 Q42025-03-04+17.0——View →
2024 Q32024-11-20+13.9$10.2015.1View →
2024 Q22024-08-21+17.9$9.8214.5View →
2024 Q12024-05-22+14.3$9.5817.4View →
2023 Q42024-03-05+14.8$9.0215.3View →
2023 Q32023-11-15+12.1$8.5314.4View →
2023 Q12023-05-17+0.0$8.7918.1View →
2022 Q42023-02-28+12.4$9.2316.5View →