Target Corp. (TGT), department store retailer, came out with fourth-quarter fiscal 2014 results, wherein adjusted earnings of $1.50 per share ahead of the Zacks Consensus Estimate of $1.46 and up 14.9% year over year. 

The company recorded a $5.1 billion in pretax loss related to discontinuation of Canadian operations resulting in a loss per share of $5.59 bringing the loss for the quarter to $4.10 per share. 

For first quarter fiscal 2015, the company expects earnings per share in the range of 95 cents to $1.05. The current Zacks Consensus Estimate is pegged at $1.05 per share. 

Earnings Estimate Revision: The Zacks Consensus Estimate for 2014 has been unchanged in the last 30 days, while that of 2015 has decreased in the same time frame. 

In the trailing four quarters including quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 4.4%.

Revenues: Target generated net sales of $21,751 million that increased 4.1% year over year and came ahead of the Zacks Consensus Estimate of $21,655 million.

Zacks Rank: Currently, Target carries a Zacks Rank #1 (Strong Buy). 

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