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Additional Reading from MarketBeat.com Retail Earnings Roundup: Walmart Scores, Target Slumps in Q3Written by Leo Miller. Published 11/24/2025. 
Key Points - Walmart exceeded Q3 expectations across revenue, EPS, and guidance, driven by strong growth in e-commerce, advertising, and memberships.
- Target beat EPS expectations but disappointed on sales and guidance, leading to price target cuts and continued post-earnings declines.
- Lowe’s Companies posted mixed results but gained on the back of EPS beat and optimism around its acquisition to boost professional sales.
Mid-November marked the Q3 earnings cycle for many of the world’s biggest retail stocks, including grocery-store giants and home-improvement heavyweights. Three standouts—Walmart, Target, and Lowe’s—posted fiscal year 2026 Q3 results that highlight diverging momentum in the sector. All data reflects the Nov. 21 close unless otherwise noted. Walmart Strikes Gold in Q3 Given its stellar performance, it’s difficult not to start with consumer-staples behemoth Walmart (NYSE: WMT). The company’s Nov. 20 earnings release sent shares up 6.5% on the day—Walmart’s largest single-day post-earnings gain since August 2024. While everyone's making predictions about what might happen in 2026, we've identified 5 stocks with catalysts that are already locked and loaded.
These aren't hopes or projections. These are scheduled events, signed contracts, and approved projects that will play out over the next 12 months.
The difference between 100% gains and missing out completely? Positioning before 2026 arrives. Click here to get your free copy of this report The company reported $179.5 billion in revenue, beating estimates by more than $4 billion, and adjusted earnings per share (EPS) of $0.62, above the $0.60 consensus. Walmart also raised both its sales and adjusted EPS guidance for the full fiscal year. Its emerging growth drivers remained strong: e-commerce revenue rose 27%, advertising revenue climbed 53%, and membership income increased 17%. Growth in these areas matters because traditional in-store sales offer a more limited runway going forward. Advertising and memberships are high-margin businesses, which could meaningfully boost Walmart’s long-term profitability. Currently, the consensus price target for Walmart is about $118. Price targets issued after the earnings release average just above $123, implying roughly 17% upside from current levels. Target Misses the Bullseye On the other side of the equation, retailer Target (NYSE: TGT) continued to disappoint. The company reported adjusted EPS of $1.78, beating estimates by $0.07, but sales fell more than expected and full-year EPS guidance was lowered. Target now expects $7.50 per share at the midpoint, down from the prior $8 estimate. Shares dropped nearly 3% on Nov. 19, marking the fifth straight quarter of post-earnings declines for the stock. There were some positives: advertising revenue increased 44% and non-merchandise sales grew 18%. However, digital comparable sales rose only 2.4%, far behind Walmart and a slowdown from 10.8% a year earlier. Target also announced an expansion of its partnership with OpenAI. ChatGPT will soon include Target’s app, allowing customers to receive personalized recommendations and complete checkout through a variety of fulfillment options. The consensus price target for Target is roughly $103. However, many Wall Street analysts lowered their targets after the earnings report; the post-earnings average target is under $91, implying only about 4% upside from current levels. Lowe’s Gains Despite Lowering Guidance Lowe’s Companies (NYSE: LOW) reported mixed Q3 results: $20.81 billion in sales, about $70 million below estimates, while adjusted EPS beat by $0.09. The company trimmed its full-year comparable sales and adjusted EPS guidance but raised total full-year sales guidance to $86 billion, helped by its acquisition of Foundation Building Materials. Markets reacted positively to the EPS beat and the acquisition, despite other negatives in the report. The purchase positions Lowe’s to capture more sales from professional contractors, who typically spend more than do-it-yourself customers. Shares of LOW rose about 4% on Nov. 19. Wall Street continues to see meaningful upside: the consensus price target is roughly $276 (about 18% upside), while post-earnings updates average just over $278, implying near 19% upside. Walmart to $1 Trillion? With strong earnings momentum and bullish analyst targets, Walmart is increasingly seen as a decisive Q3 winner in retail. Walmart would need roughly a 19% increase from the Nov. 21 close for its market cap to reach $1 trillion, and current Wall Street targets suggest that outcome is within the realm of possibility.
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