Target (NYSE:TGT) is scheduled to announce its results for the third quarter of fiscal 2022 on Wednesday, November 16. The retailer’s margins and earnings are expected to be under pressure due to a tough macro backdrop and an expected decline in consumer spending on discretionary goods. TGT stock is down 25% year-to-date as investors are concerned about the impact of an economic downturn on the retailer’s business. Target’s Q3 Earnings Expected to Decline Target’s Q2 adjusted earnings per share (EPS) declined by a massive 89% year-over-year to $0.39 and significantly lagged the analysts’ consensus estimate of $0.72. Despite a 3.
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