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The TJX Companies, Inc. (TJX - Free Report) , a leading off-price retailer, recently came out with its fourth-quarter fiscal 2018 results, with adjusted earnings of $1.19, which excludes an $0.11 benefit from the 53rd week in the company’s fiscal year, and was above the high end of the company’s guidance for adjusted EPS of $1.16.
The Zacks Consensus Estimate of $1.28 does not consider this 53rd week. Adjusted earnings depicted an increase of 15.5% from the prior-year quarter. Adjusted earnings for fiscal 2018 increased 9.1% from the prior-year to reach $3.85.
For the first-quarter and for fiscal 2019 the company expects adjusted earnings in the range of 85–87 cents and $4.00–$4.08 respectively.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by a cent in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 2%.
TJX Companies, Inc. (The) Price, Consensus and EPS Surprise
Revenues: TJX Companies generated total sales of $10,961 million that increased 15.8% year over year and came ahead of the Zacks Consensus Estimate of $10,789 million. For fiscal 2018 revenues came in at $35.9 billion, depicting an 8% growth from the prior year figure.
Key Events: Management intends to increase quarterly dividend rates by 25% to 39 cents per share. Further the company has also announced a share repurchase program worth $2.5 to $3.0 billion to be carried out during fiscal 2019.
Zacks Rank: Currently, TJX Companies carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.
(NOTE: We are re-issuing this article to correct an error. The original version, published earlier today, February 28, 2018, should no longer be relied upon.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View (revised)
The TJX Companies, Inc. (TJX - Free Report) , a leading off-price retailer, recently came out with its fourth-quarter fiscal 2018 results, with adjusted earnings of $1.19, which excludes an $0.11 benefit from the 53rd week in the company’s fiscal year, and was above the high end of the company’s guidance for adjusted EPS of $1.16.
The Zacks Consensus Estimate of $1.28 does not consider this 53rd week. Adjusted earnings depicted an increase of 15.5% from the prior-year quarter. Adjusted earnings for fiscal 2018 increased 9.1% from the prior-year to reach $3.85.
For the first-quarter and for fiscal 2019 the company expects adjusted earnings in the range of 85–87 cents and $4.00–$4.08 respectively.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by a cent in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 2%.
TJX Companies, Inc. (The) Price, Consensus and EPS Surprise
TJX Companies, Inc. (The) Price, Consensus and EPS Surprise | TJX Companies, Inc. (The) Quote
Revenues: TJX Companies generated total sales of $10,961 million that increased 15.8% year over year and came ahead of the Zacks Consensus Estimate of $10,789 million. For fiscal 2018 revenues came in at $35.9 billion, depicting an 8% growth from the prior year figure.
Key Events: Management intends to increase quarterly dividend rates by 25% to 39 cents per share. Further the company has also announced a share repurchase program worth $2.5 to $3.0 billion to be carried out during fiscal 2019.
Zacks Rank: Currently, TJX Companies carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
(NOTE: We are re-issuing this article to correct an error. The original version, published earlier today, February 28, 2018, should no longer be relied upon.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>