<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/default_article_images/default341.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/default_article_images/default341.jpg"/></p>
<p><em>图片来源：Bigstock</em></p>
<p>塔吉特（Target，TGT - 免费报告）和沃尔玛（Walmart，WMT - 免费报告）在本周的第三季度报告中提供了消费者强劲表现的见解，二者均愉快地超出了盈利预期。</p>
<p>这使得关于是否该购买这两家全渠道零售巨头股票的讨论更加引人入胜。为此，投资者一直在关注沃尔玛股票的上涨潜力，以及塔吉特股票的反弹，尤其是其更具吸引力的股息和较低的估值。</p>
<p>然而，得益于从传统零售商向拥有庞大在线业务的技术驱动转型，沃尔玛的增长相当引人注目。塔吉特显示出复苏的迹象，试图效仿，以抵消其对更多可自由支配商品的暴露，这些商品与较弱的店内客流量相伴随。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/51/133278.jpg/query-dj0xNDcyNzcwNzY0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/51/133278.jpg/query-dj0xNDcyNzcwNzY0"/></p>
<p><em>图片来源：Zacks 投资研究</em></p>
<h3><strong>塔吉特与沃尔玛第三季度回顾</strong></h3>
<p>尽管消费者可自由支配支出波动不定，塔吉特第三季度每股收益为 1.78 美元，超出预期的 1.76 美元，尽管这比去年同期的 1.85 美元有所下降。塔吉特将其第三季度销售额同比下降超过 1% 至 252.7 亿美元，略低于预期的 253.5 亿美元，归因于其所称的消费者商品的可负担性压力。</p>
<p>与此同时，沃尔玛的全球电子商务扩张使其第三季度销售额同比增长 6%，达到 1794.9 亿美元，超出预期的 1771.4 亿美元 1%。沃尔玛第三季度每股收益为 0.62 美元，略高于预期的 0.61 美元，且较去年同期的 0.58 美元有所上升。</p>
<h3><strong>指导与展望</strong></h3>
<p>沃尔玛在进入假日购物季时发出信心信号，现预计其 2026 财年的净销售增长为 4.8%-5.1%，高于之前的 3.75%-4.75% 的指导范围。此外，沃尔玛将其全年营业收入的指导上调近 400 个基点，增长范围为 8.5%-9.5%。</p>
<p>至于塔吉特，该零售商下调了全年利润预期的上限，将其当前 2026 财年的每股收益指导调整为 7.00-8.00 美元，之前的预期为 7.00-9.00 美元。塔吉特对假日展望采取了更为谨慎的态度，没有提供收入指导，强调可自由支配类别的持续疲软，但食品、饮料和数字销售表现强劲。</p>
<h3><strong>跟随每股收益修正的趋势</strong></h3>
<p>尽管塔吉特更新的 2026 财年每股收益指导仍在 Zacks 共识的 7.30 美元范围内，但值得注意的是，这将比 2025 财年的每股 8.86 美元下降 17%。也就是说，2027 财年的每股收益预计将稳定并上升 9%，达到 7.94 美元。</p>
<p>从塔吉特预期的反弹中可以看出，2027 财年的每股收益预期在过去一个月下降了 6%，而 2026 财年的每股收益预期下降超过 1%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/1a/133279.jpg/query-dj03OTM3OTgyMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/1a/133279.jpg/query-dj03OTM3OTgyMjg"/></p>
<p><em>图片来源：Zacks 投资研究</em></p>
<p>转向沃尔玛，预计其年度收益在 2026 财年将增长 4%，并预计在 2027 财年将再增长 12%，达到每股 2.92 美元。在过去 30 天中，沃尔玛的 2026 财年每股收益预期略有上升，但 2027 财年每股收益预期略有下降。</p>
<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/9a/133280.jpg/query-dj01NDY1MTQxNA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/9a/133280.jpg/query-dj01NDY1MTQxNA"/></p>
<p><em>图片来源：Zacks 投资研究</em></p>
<h3><strong>结论</strong></h3>
<p>在发布第三季度报告后，塔吉特和沃尔玛的股票均保持 Zacks 评级为#3（持有），因为需要更具吸引力的每股收益修正趋势来暗示沃尔玛的进一步上涨或塔吉特的反弹。考虑到这一点，沃尔玛的每股收益超出预期和乐观展望可能会推动其前景，而塔吉特的谨慎态度可能会削弱其前景。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>英伟达股票还有足够的动力吗？</p>
<p>现在购买 Coinbase 股票是否为时已晚？</p>
<p>IBM 扩展人工智能咨询能力：这会推动增长吗？</p>

塔吉特

沃尔玛

<p>塔吉特和沃尔玛超出第三季度每股收益预期，激发了投资兴趣。沃尔玛的电子商务增长和乐观的财务指引暗示了潜在的上行空间，而塔吉特的谨慎前景和下调的利润指引可能限制反弹的前景。两只股票均持有 Zacks 评级#3（持有），这表明需要更具吸引力的每股收益修正以实现进一步的上行。投资者正在考虑沃尔玛的增长潜力以及塔吉特的股息和估值</p>

<p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/default_article_images/default341.jpg" alt="" original-src="https://staticx-tuner.zacks.com/images/default_article_images/default341.jpg"/></p>
<p><em>Image: Bigstock</em></p>
<div class="lb-trans"><p><em>图片来源：Bigstock</em></p>
</div><p>Target (TGT - Free Report) and Walmart (WMT - Free Report) offered insight into the strength of the consumer in their Q3 reports this week, and both were able to pleasantly beat earnings expectations.</p>
<div class="lb-trans"><p>塔吉特（Target，TGT - 免费报告）和沃尔玛（Walmart，WMT - 免费报告）在本周的第三季度报告中提供了消费者强劲表现的见解，二者均愉快地超出了盈利预期。</p>
</div><p>This has made the conversation more riveting as to whether it's time to buy stock in either of these omnichannel retail giants. To that point, investors have been eyeing Walmart stock for more upside and Target shares for a rebound, along with its more enticing dividend and cheaper valuation.</p>
<div class="lb-trans"><p>这使得关于是否该购买这两家全渠道零售巨头股票的讨论更加引人入胜。为此，投资者一直在关注沃尔玛股票的上涨潜力，以及塔吉特股票的反弹，尤其是其更具吸引力的股息和较低的估值。</p>
</div><p>However, thanks to a tech-driven shift from a traditional retailer to having a massive online presence, Walmart's growth has been rather captivating. Showing signs of a turnaround, Target has tried to follow suit in a bid to offset its exposure to more discretionary items that have coincided with weaker store traffic.</p>
<div class="lb-trans"><p>然而，得益于从传统零售商向拥有庞大在线业务的技术驱动转型，沃尔玛的增长相当引人注目。塔吉特显示出复苏的迹象，试图效仿，以抵消其对更多可自由支配商品的暴露，这些商品与较弱的店内客流量相伴随。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/51/133278.jpg/query-dj0xNDcyNzcwNzY0" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/51/133278.jpg?v=1472770764"/></p>
<p><em>Image Source: Zacks Investment Research</em></p>
<div class="lb-trans"><p><em>图片来源：Zacks 投资研究</em></p>
</div><h3><strong>Target &amp; Walmart Q3 Review</strong></h3>
<div class="lb-trans"><h3><strong>塔吉特与沃尔玛第三季度回顾</strong></h3>
</div><p>Despite choppy consumer discretionary spending, Target’s Q3 EPS of $1.78 beat expectations of $1.76 per share, although this was down from $1.85 in the prior year quarter. Attributed to what it called affordability pressures on consumer goods, Target’s Q3 sales dipped over 1% year-over-year to $25.27 billion and slightly missed estimates of $25.35 billion.</p>
<div class="lb-trans"><p>尽管消费者可自由支配支出波动不定，塔吉特第三季度每股收益为 1.78 美元，超出预期的 1.76 美元，尽管这比去年同期的 1.85 美元有所下降。塔吉特将其第三季度销售额同比下降超过 1% 至 252.7 亿美元，略低于预期的 253.5 亿美元，归因于其所称的消费者商品的可负担性压力。</p>
</div><p>Meanwhile, Walmart’s global e-commerce expansion led to its Q3 sales rising 6% year-over-year to $179.49 billion, topping estimates of $177.14 billion by 1%. Walmart’s Q3 EPS of $0.62 edged estimates of $0.61 and was up from $0.58 per share a year ago.</p>
<div class="lb-trans"><p>与此同时，沃尔玛的全球电子商务扩张使其第三季度销售额同比增长 6%，达到 1794.9 亿美元，超出预期的 1771.4 亿美元 1%。沃尔玛第三季度每股收益为 0.62 美元，略高于预期的 0.61 美元，且较去年同期的 0.58 美元有所上升。</p>
</div><h3><strong>Guidance &amp; Outlook</strong></h3>
<div class="lb-trans"><h3><strong>指导与展望</strong></h3>
</div><p>Signaling confidence heading into the holiday shopping season, Walmart now expects its current fiscal 2026 net sales growth at 4.8%-5.1%, up from its prior guidance range of 3.75%-4.75%. Additionally, Walmart raised its guidance for full-year operating income by nearly 400 basis points to a growth range of 8.5%-9.5%.</p>
<div class="lb-trans"><p>沃尔玛在进入假日购物季时发出信心信号，现预计其 2026 财年的净销售增长为 4.8%-5.1%，高于之前的 3.75%-4.75% 的指导范围。此外，沃尔玛将其全年营业收入的指导上调近 400 个基点，增长范围为 8.5%-9.5%。</p>
</div><p>As for Target, the retailer cut the top end of its full-year profit outlook, guiding its current FY26 EPS at $7.00-$8.00 from previous expectations of $7.00-$9.00. Taking a more cautious stance on the holiday outlook, Target did not provide revenue guidance, with the retailer highlighting ongoing softness in discretionary categories but strength in food, beverage, and digital sales.</p>
<div class="lb-trans"><p>至于塔吉特，该零售商下调了全年利润预期的上限，将其当前 2026 财年的每股收益指导调整为 7.00-8.00 美元，之前的预期为 7.00-9.00 美元。塔吉特对假日展望采取了更为谨慎的态度，没有提供收入指导，强调可自由支配类别的持续疲软，但食品、饮料和数字销售表现强劲。</p>
</div><h3><strong>Following the Trend of EPS Revisions</strong></h3>
<div class="lb-trans"><h3><strong>跟随每股收益修正的趋势</strong></h3>
</div><p>While Target’s updated FY26 EPS guidance still falls in range of the Zacks Consensus of $7.30, it’s noteworthy that this would be a 17% drop from $8.86 per share in its FY25. That said, FY27 EPS is projected to stabilize and rise 9% to $7.94.</p>
<div class="lb-trans"><p>尽管塔吉特更新的 2026 财年每股收益指导仍在 Zacks 共识的 7.30 美元范围内，但值得注意的是，这将比 2025 财年的每股 8.86 美元下降 17%。也就是说，2027 财年的每股收益预计将稳定并上升 9%，达到 7.94 美元。</p>
</div><p>Taking away from the anticipated rebound in Target’s bottom line is that FY27 EPS estimates are down 6% in the last month, and FY26 EPS estimates have dipped more than 1%.</p>
<div class="lb-trans"><p>从塔吉特预期的反弹中可以看出，2027 财年的每股收益预期在过去一个月下降了 6%，而 2026 财年的每股收益预期下降超过 1%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/1a/133279.jpg/query-dj03OTM3OTgyMjg" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/1a/133279.jpg?v=793798228"/></p>
<p><em>Image Source: Zacks Investment Research</em></p>
<div class="lb-trans"><p><em>图片来源：Zacks 投资研究</em></p>
</div><p>Pivoting to Walmart, annual earnings are now expected to rise 4% in FY26 and are projected to jump another 12% in FY27 to $2.92 per share. In the last 30 days, Walmart’s FY26 EPS estimates are modestly higher, but FY27 EPS estimates are slightly down.</p>
<div class="lb-trans"><p>转向沃尔玛，预计其年度收益在 2026 财年将增长 4%，并预计在 2027 财年将再增长 12%，达到每股 2.92 美元。在过去 30 天中，沃尔玛的 2026 财年每股收益预期略有上升，但 2027 财年每股收益预期略有下降。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://staticx-tuner.zacks.com/images/articles/charts/9a/133280.jpg/query-dj01NDY1MTQxNA" alt="" original-src="https://staticx-tuner.zacks.com/images/articles/charts/9a/133280.jpg?v=54651414"/></p>
<p><em>Image Source: Zacks Investment Research</em></p>
<div class="lb-trans"><p><em>图片来源：Zacks 投资研究</em></p>
</div><h3><strong>Bottom Line</strong></h3>
<div class="lb-trans"><h3><strong>结论</strong></h3>
</div><p>Following their Q3 reports, Target and Walmart stock have both retained a Zacks Rank #3 (Hold) rating as a more compelling trend of EPS revisions has been needed to suggest more upside in Walmart or a rebound in Target. Considering such, Walmart’s EPS beat and optimistic outlook could get the needle going in this regard, while Target’s cautious stance could dim its prospects.</p>
<div class="lb-trans"><p>在发布第三季度报告后，塔吉特和沃尔玛的股票均保持 Zacks 评级为#3（持有），因为需要更具吸引力的每股收益修正趋势来暗示沃尔玛的进一步上涨或塔吉特的反弹。考虑到这一点，沃尔玛的每股收益超出预期和乐观展望可能会推动其前景，而塔吉特的谨慎态度可能会削弱其前景。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Does Nvidia Stock Still Have Enough Mojo To Buy?</p>
<div class="lb-trans"><p>英伟达股票还有足够的动力吗？</p>
</div><p>Is It Too Soon To Buy The Dip In Coinbase Stock?</p>
<div class="lb-trans"><p>现在购买 Coinbase 股票是否为时已晚？</p>
</div><p>IBM Expands AI Consulting Capabilities: Will It Drive Growth?</p>
<div class="lb-trans"><p>IBM 扩展人工智能咨询能力：这会推动增长吗？</p>
</div>

Buy Target Or Walmart Stock After Beating Q3 EPS Expectations?

- Target 和 Walmart 在 Q3 报告中超出盈利预期，显示消费者强劲。  
- Target Q3 每股收益为 $1.78，销售额同比下降 1% 至 $25.27 亿美元。  
- Walmart Q3 销售额增长 6% 至 $179.49 亿美元，预计未来销售增长将上调至 4.8%-5.1%。  

在第三季度每股收益超出预期后，是否应该购买 Target 或 Walmart 的股票？