The TJX Companies, Inc. (TJX Quick QuoteTJX - Free Report) a leading off-price retailer, recently came out with its first-quarter fiscal 2019 results, with adjusted earnings of 96 cents, that missed the Zacks Consensus Estimate of $1.02. Adjusted earnings depicted an increase of 17% from the prior-year quarter.

For the second-quarter and for fiscal 2019 the company expects adjusted earnings in the range of 87-89 cents per share and $4.04–$4.10 respectively.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has remained stable 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 3%.

Revenues: TJX Companies generated total sales of $8,688.7 million that increased 12% year over year and came ahead of the Zacks Consensus Estimate of $8,503 million.

The TJX Companies, Inc. Price, Consensus and EPS Surprise

The TJX Companies, Inc. Price, Consensus and EPS Surprise | The TJX Companies, Inc. Quote

Key Events: During the quarter Management raised its quarterly dividend rates by 25% to 39 cents per share.

Zacks Rank: Currently, TJX Companies carries a Zacks Rank #3 (Hold) 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.

Check back later for our full write up on TJX Companies earnings report!

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