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TJX (TJX) Stock Moves -0.64%: What You Should Know
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TJX (TJX - Free Report) closed the most recent trading day at $106.23, moving -0.64% from the previous trading session. This change was narrower than the S&P 500's 3.09% loss on the day. Elsewhere, the Dow lost 2.41%, while the tech-heavy Nasdaq lost 4.43%.
Prior to today's trading, shares of the parent of T.J. Maxx, Marshalls and other stores had lost 3.09% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 9.63% and the S&P 500's loss of 6.27% in that time.
Wall Street will be looking for positivity from TJX as it approaches its next earnings report date. This is expected to be November 13, 2018. In that report, analysts expect TJX to post earnings of $1.21 per share. This would mark year-over-year growth of 21%. Meanwhile, our latest consensus estimate is calling for revenue of $9.44 billion, up 7.75% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.90 per share and revenue of $38.41 billion. These totals would mark changes of +21.29% and +7.1%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TJX. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. TJX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, TJX currently has a Forward P/E ratio of 21.81. Its industry sports an average Forward P/E of 21.81, so we one might conclude that TJX is trading at a no noticeable deviation comparatively.
Meanwhile, TJX's PEG ratio is currently 2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 1.67 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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TJX (TJX) Stock Moves -0.64%: What You Should Know
TJX (TJX - Free Report) closed the most recent trading day at $106.23, moving -0.64% from the previous trading session. This change was narrower than the S&P 500's 3.09% loss on the day. Elsewhere, the Dow lost 2.41%, while the tech-heavy Nasdaq lost 4.43%.
Prior to today's trading, shares of the parent of T.J. Maxx, Marshalls and other stores had lost 3.09% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 9.63% and the S&P 500's loss of 6.27% in that time.
Wall Street will be looking for positivity from TJX as it approaches its next earnings report date. This is expected to be November 13, 2018. In that report, analysts expect TJX to post earnings of $1.21 per share. This would mark year-over-year growth of 21%. Meanwhile, our latest consensus estimate is calling for revenue of $9.44 billion, up 7.75% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.90 per share and revenue of $38.41 billion. These totals would mark changes of +21.29% and +7.1%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TJX. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. TJX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, TJX currently has a Forward P/E ratio of 21.81. Its industry sports an average Forward P/E of 21.81, so we one might conclude that TJX is trading at a no noticeable deviation comparatively.
Meanwhile, TJX's PEG ratio is currently 2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 1.67 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.