The TJX Companies Inc. (TJX - Free Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
TJX has been modest earnings and revenue growth rate over the past few quarters backed by higher traffic, improved margins and solid comparable-store sales growth.
Due to this, investors are eagerly awaiting TJX’s earnings report in order to set the record straight and to give guidance for the company’s outlook.
Investors should also note that earnings estimate for TJX have been revised upward during the last 30 days. TJX has a decent history when it comes to recent earnings reports as the stock has posted positive earnings surprises in the trailing 4 quarters, with an average beat of 5.38%.
Currently, TJX has a Zacks Rank #3 (Hold), but that could definitely change following TJX Companies’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TJX beats on earnings. Our consensus earnings estimate called for EPS of 80 cents share, and the company reported EPS of 84 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: TJX reported revenues of $7.88 billion. This marginally beats our consensus estimate of $7.87 billion.
Key Stats to Note: Comparable store sales increased 4% year over year compared to a 6% increase a year ago.
Shares of TJX declined more than 2.5% in the pre-market trading session, shortly after its earnings report was released.
Check back later for our full write up on this TJX earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The TJX Companies Inc. (TJX - Free Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
TJX has been modest earnings and revenue growth rate over the past few quarters backed by higher traffic, improved margins and solid comparable-store sales growth.
Due to this, investors are eagerly awaiting TJX’s earnings report in order to set the record straight and to give guidance for the company’s outlook.
Investors should also note that earnings estimate for TJX have been revised upward during the last 30 days. TJX has a decent history when it comes to recent earnings reports as the stock has posted positive earnings surprises in the trailing 4 quarters, with an average beat of 5.38%.
Currently, TJX has a Zacks Rank #3 (Hold), but that could definitely change following TJX Companies’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TJX beats on earnings. Our consensus earnings estimate called for EPS of 80 cents share, and the company reported EPS of 84 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: TJX reported revenues of $7.88 billion. This marginally beats our consensus estimate of $7.87 billion.
Key Stats to Note: Comparable store sales increased 4% year over year compared to a 6% increase a year ago.
Shares of TJX declined more than 2.5% in the pre-market trading session, shortly after its earnings report was released.
Check back later for our full write up on this TJX earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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