<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>圖片來源：Bigstock</em></p>
<p>塔吉特（Target，TGT - 免費報告）和沃爾瑪（Walmart，WMT - 免費報告）在本週的第三季度報告中提供了消費者強勁表現的見解，二者均愉快地超出了盈利預期。</p>
<p>這使得關於是否該購買這兩家全渠道零售巨頭股票的討論更加引人入勝。為此，投資者一直在關注沃爾瑪股票的上漲潛力，以及塔吉特股票的反彈，尤其是其更具吸引力的股息和較低的估值。</p>
<p>然而，得益於從傳統零售商向擁有龐大在線業務的技術驅動轉型，沃爾瑪的增長相當引人注目。塔吉特顯示出復甦的跡象，試圖效仿，以抵消其對更多可自由支配商品的暴露，這些商品與較弱的店內客流量相伴隨。</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>圖片來源：Zacks 投資研究</em></p>
<h3><strong>塔吉特與沃爾瑪第三季度回顧</strong></h3>
<p>儘管消費者可自由支配支出波動不定，塔吉特第三季度每股收益為 1.78 美元，超出預期的 1.76 美元，儘管這比去年同期的 1.85 美元有所下降。塔吉特將其第三季度銷售額同比下降超過 1% 至 252.7 億美元，略低於預期的 253.5 億美元，歸因於其所稱的消費者商品的可負擔性壓力。</p>
<p>與此同時，沃爾瑪的全球電子商務擴張使其第三季度銷售額同比增長 6%，達到 1794.9 億美元，超出預期的 1771.4 億美元 1%。沃爾瑪第三季度每股收益為 0.62 美元，略高於預期的 0.61 美元，且較去年同期的 0.58 美元有所上升。</p>
<h3><strong>指導與展望</strong></h3>
<p>沃爾瑪在進入假日購物季時發出信心信號，現預計其 2026 財年的淨銷售增長為 4.8%-5.1%，高於之前的 3.75%-4.75% 的指導範圍。此外，沃爾瑪將其全年營業收入的指導上調近 400 個基點，增長範圍為 8.5%-9.5%。</p>
<p>至於塔吉特，該零售商下調了全年利潤預期的上限，將其當前 2026 財年的每股收益指導調整為 7.00-8.00 美元，之前的預期為 7.00-9.00 美元。塔吉特對假日展望採取了更為謹慎的態度，沒有提供收入指導，強調可自由支配類別的持續疲軟，但食品、飲料和數字銷售表現強勁。</p>
<h3><strong>跟隨每股收益修正的趨勢</strong></h3>
<p>儘管塔吉特更新的 2026 財年每股收益指導仍在 Zacks 共識的 7.30 美元範圍內，但值得注意的是，這將比 2025 財年的每股 8.86 美元下降 17%。也就是説，2027 財年的每股收益預計將穩定並上升 9%，達到 7.94 美元。</p>
<p>從塔吉特預期的反彈中可以看出，2027 財年的每股收益預期在過去一個月下降了 6%，而 2026 財年的每股收益預期下降超過 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>圖片來源：Zacks 投資研究</em></p>
<p>轉向沃爾瑪，預計其年度收益在 2026 財年將增長 4%，並預計在 2027 財年將再增長 12%，達到每股 2.92 美元。在過去 30 天中，沃爾瑪的 2026 財年每股收益預期略有上升，但 2027 財年每股收益預期略有下降。</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>圖片來源：Zacks 投資研究</em></p>
<h3><strong>結論</strong></h3>
<p>在發佈第三季度報告後，塔吉特和沃爾瑪的股票均保持 Zacks 評級為#3（持有），因為需要更具吸引力的每股收益修正趨勢來暗示沃爾瑪的進一步上漲或塔吉特的反彈。考慮到這一點，沃爾瑪的每股收益超出預期和樂觀展望可能會推動其前景，而塔吉特的謹慎態度可能會削弱其前景。</p>
<hr/>
<p><em>更多來自此作者的文章：</em></p>
<p>英偉達股票還有足夠的動力嗎？</p>
<p>現在購買 Coinbase 股票是否為時已晚？</p>
<p>IBM 擴展人工智能諮詢能力：這會推動增長嗎？</p>

塔吉特

沃爾瑪

<p>塔吉特和沃爾瑪超出第三季度每股收益預期，激發了投資興趣。沃爾瑪的電子商務增長和樂觀的財務指引暗示了潛在的上行空間，而塔吉特的謹慎前景和下調的利潤指引可能限制反彈的前景。兩隻股票均持有 Zacks 評級#3（持有），這表明需要更具吸引力的每股收益修正以實現進一步的上行。投資者正在考慮沃爾瑪的增長潛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>圖片來源：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 - 免費報告）和沃爾瑪（Walmart，WMT - 免費報告）在本週的第三季度報告中提供了消費者強勁表現的見解，二者均愉快地超出了盈利預期。</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>這使得關於是否該購買這兩家全渠道零售巨頭股票的討論更加引人入勝。為此，投資者一直在關注沃爾瑪股票的上漲潛力，以及塔吉特股票的反彈，尤其是其更具吸引力的股息和較低的估值。</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，得益於從傳統零售商向擁有龐大在線業務的技術驅動轉型，沃爾瑪的增長相當引人注目。塔吉特顯示出復甦的跡象，試圖效仿，以抵消其對更多可自由支配商品的暴露，這些商品與較弱的店內客流量相伴隨。</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>圖片來源：Zacks 投資研究</em></p>
</div><h3><strong>Target &amp; Walmart Q3 Review</strong></h3>
<div class="lb-trans"><h3><strong>塔吉特與沃爾瑪第三季度回顧</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>儘管消費者可自由支配支出波動不定，塔吉特第三季度每股收益為 1.78 美元，超出預期的 1.76 美元，儘管這比去年同期的 1.85 美元有所下降。塔吉特將其第三季度銷售額同比下降超過 1% 至 252.7 億美元，略低於預期的 253.5 億美元，歸因於其所稱的消費者商品的可負擔性壓力。</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>與此同時，沃爾瑪的全球電子商務擴張使其第三季度銷售額同比增長 6%，達到 1794.9 億美元，超出預期的 1771.4 億美元 1%。沃爾瑪第三季度每股收益為 0.62 美元，略高於預期的 0.61 美元，且較去年同期的 0.58 美元有所上升。</p>
</div><h3><strong>Guidance &amp; Outlook</strong></h3>
<div class="lb-trans"><h3><strong>指導與展望</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>沃爾瑪在進入假日購物季時發出信心信號，現預計其 2026 財年的淨銷售增長為 4.8%-5.1%，高於之前的 3.75%-4.75% 的指導範圍。此外，沃爾瑪將其全年營業收入的指導上調近 400 個基點，增長範圍為 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>至於塔吉特，該零售商下調了全年利潤預期的上限，將其當前 2026 財年的每股收益指導調整為 7.00-8.00 美元，之前的預期為 7.00-9.00 美元。塔吉特對假日展望採取了更為謹慎的態度，沒有提供收入指導，強調可自由支配類別的持續疲軟，但食品、飲料和數字銷售表現強勁。</p>
</div><h3><strong>Following the Trend of EPS Revisions</strong></h3>
<div class="lb-trans"><h3><strong>跟隨每股收益修正的趨勢</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>儘管塔吉特更新的 2026 財年每股收益指導仍在 Zacks 共識的 7.30 美元範圍內，但值得注意的是，這將比 2025 財年的每股 8.86 美元下降 17%。也就是説，2027 財年的每股收益預計將穩定並上升 9%，達到 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>從塔吉特預期的反彈中可以看出，2027 財年的每股收益預期在過去一個月下降了 6%，而 2026 財年的每股收益預期下降超過 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>圖片來源：Zacks 投資研究</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>轉向沃爾瑪，預計其年度收益在 2026 財年將增長 4%，並預計在 2027 財年將再增長 12%，達到每股 2.92 美元。在過去 30 天中，沃爾瑪的 2026 財年每股收益預期略有上升，但 2027 財年每股收益預期略有下降。</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>圖片來源：Zacks 投資研究</em></p>
</div><h3><strong>Bottom Line</strong></h3>
<div class="lb-trans"><h3><strong>結論</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>在發佈第三季度報告後，塔吉特和沃爾瑪的股票均保持 Zacks 評級為#3（持有），因為需要更具吸引力的每股收益修正趨勢來暗示沃爾瑪的進一步上漲或塔吉特的反彈。考慮到這一點，沃爾瑪的每股收益超出預期和樂觀展望可能會推動其前景，而塔吉特的謹慎態度可能會削弱其前景。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多來自此作者的文章：</em></p>
</div><p>Does Nvidia Stock Still Have Enough Mojo To Buy?</p>
<div class="lb-trans"><p>英偉達股票還有足夠的動力嗎？</p>
</div><p>Is It Too Soon To Buy The Dip In Coinbase Stock?</p>
<div class="lb-trans"><p>現在購買 Coinbase 股票是否為時已晚？</p>
</div><p>IBM Expands AI Consulting Capabilities: Will It Drive Growth?</p>
<div class="lb-trans"><p>IBM 擴展人工智能諮詢能力：這會推動增長嗎？</p>
</div>

Buy Target Or Walmart Stock After Beating Q3 EPS Expectations?

- Target 和 Walmart 在 Q3 報告中超出盈利預期，顯示消費者強勁。  
- Target Q3 每股收益為 $1.78，銷售額同比下降 1% 至 $25.27 億美元。  
- Walmart Q3 銷售額增長 6% 至 $179.49 億美元，預計未來銷售增長將上調至 4.8%-5.1%。  

在第三季度每股收益超出預期後，是否應該購買 Target 或 Walmart 的股票？