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TJX (TJX - Free Report) ended the recent trading session at $150.90, demonstrating a -1.24% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.81%. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 1.3%.
Prior to today's trading, shares of the parent of T.J. Maxx, Marshalls and other stores had lost 8.87% lagged the Retail-Wholesale sector's gain of 0.24% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of TJX in its upcoming earnings disclosure. In that report, analysts expect TJX to post earnings of $1.17 per share. This would mark year-over-year growth of 6.36%. Our most recent consensus estimate is calling for quarterly revenue of $15.12 billion, up 5.02% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.17 per share and a revenue of $63.9 billion, indicating changes of +9.3% and +5.85%, respectively, from the former year.
Any recent changes to analyst estimates for TJX should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. TJX presently features a Zacks Rank of #2 (Buy).
In terms of valuation, TJX is currently trading at a Forward P/E ratio of 29.56. Its industry sports an average Forward P/E of 27.09, so one might conclude that TJX is trading at a premium comparatively.
Investors should also note that TJX has a PEG ratio of 3.31 right now. 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. As of the close of trade yesterday, the Retail - Discount Stores industry held an average PEG ratio of 2.45.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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TJX (TJX) Stock Sinks As Market Gains: Here's Why
TJX (TJX - Free Report) ended the recent trading session at $150.90, demonstrating a -1.24% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.81%. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 1.3%.
Prior to today's trading, shares of the parent of T.J. Maxx, Marshalls and other stores had lost 8.87% lagged the Retail-Wholesale sector's gain of 0.24% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of TJX in its upcoming earnings disclosure. In that report, analysts expect TJX to post earnings of $1.17 per share. This would mark year-over-year growth of 6.36%. Our most recent consensus estimate is calling for quarterly revenue of $15.12 billion, up 5.02% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.17 per share and a revenue of $63.9 billion, indicating changes of +9.3% and +5.85%, respectively, from the former year.
Any recent changes to analyst estimates for TJX should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. TJX presently features a Zacks Rank of #2 (Buy).
In terms of valuation, TJX is currently trading at a Forward P/E ratio of 29.56. Its industry sports an average Forward P/E of 27.09, so one might conclude that TJX is trading at a premium comparatively.
Investors should also note that TJX has a PEG ratio of 3.31 right now. 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. As of the close of trade yesterday, the Retail - Discount Stores industry held an average PEG ratio of 2.45.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.