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.
Investors should also note the recent earnings estimate revisions for TJX, as the consensus estimate has remained unchanged in the last 30 days. However, TJX’s earnings season history was impressive. TJX has delivered positive surprise in all the last four quarters, making for an average positive surprise of 5.32%.
Currently, TJX has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Molson Coors’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TJX posted earnings of 91 cents per share, beating our consensus of 87 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: TJX posted revenues of $8.29 billion. This marginally beats our consensus estimate of $8.27 billion.
Key Stats to Note: Comparable store sales increased 5% year over year compared to a 5% increase a year ago.
Stock Price: Shares were up 0.65% in pre-market trading.
Check back later for our full write up on this TJX earnings report later!
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