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TJX (TJX - Free Report) closed at $153.94 in the latest trading session, marking a +1.23% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq depreciated by 1.51%.
The parent of T.J. Maxx, Marshalls and other stores's stock has dropped by 1.2% in the past month, falling short of the Retail-Wholesale sector's gain of 5.66% and the S&P 500's gain of 0.93%.
The investment community will be paying close attention to the earnings performance of TJX in its upcoming release. In that report, analysts expect TJX to post earnings of $1.38 per share. This would mark year-over-year growth of 12.2%. At the same time, our most recent consensus estimate is projecting a revenue of $17.4 billion, reflecting a 6.43% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.67 per share and a revenue of $60.02 billion, demonstrating changes of +9.62% and 0%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for TJX. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.47% increase. As of now, TJX holds a Zacks Rank of #3 (Hold).
Looking at its valuation, TJX is holding a Forward P/E ratio of 29.68. This indicates a premium in contrast to its industry's Forward P/E of 26.85.
Also, we should mention that TJX has a PEG ratio of 2.91. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Discount Stores industry stood at 2.91 at the close of the market yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TJX in the coming trading sessions, be sure to utilize Zacks.com.
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TJX (TJX) Rises As Market Takes a Dip: Key Facts
TJX (TJX - Free Report) closed at $153.94 in the latest trading session, marking a +1.23% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq depreciated by 1.51%.
The parent of T.J. Maxx, Marshalls and other stores's stock has dropped by 1.2% in the past month, falling short of the Retail-Wholesale sector's gain of 5.66% and the S&P 500's gain of 0.93%.
The investment community will be paying close attention to the earnings performance of TJX in its upcoming release. In that report, analysts expect TJX to post earnings of $1.38 per share. This would mark year-over-year growth of 12.2%. At the same time, our most recent consensus estimate is projecting a revenue of $17.4 billion, reflecting a 6.43% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.67 per share and a revenue of $60.02 billion, demonstrating changes of +9.62% and 0%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for TJX. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.47% increase. As of now, TJX holds a Zacks Rank of #3 (Hold).
Looking at its valuation, TJX is holding a Forward P/E ratio of 29.68. This indicates a premium in contrast to its industry's Forward P/E of 26.85.
Also, we should mention that TJX has a PEG ratio of 2.91. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Discount Stores industry stood at 2.91 at the close of the market yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TJX in the coming trading sessions, be sure to utilize Zacks.com.