TradingKey – Target (TGT) will report its second-quarter fiscal 2026 financial results before the U.S. market open on August 19. After first-quarter results significantly beat expectations, TGT’s stock price has risen over 50% year-to-date, with the market holding high expectations for business improvements driven by new CEO Michael Fiddelke. Therefore, the key to this earnings report is whether the company can prove that the first-quarter sales recovery is sustainable.

In terms of market expectations, Wall Street currently projects Target’s second-quarter revenue at approximately $26.15 billion, up about 4% year-over-year; earnings per share are expected to be around $2.31, up from $2.05 in the prior-year period; and comparable sales are…