Off-price retail company TJX (NYSE:TJX) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
TJX beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $14.06 billion, up 6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations.
Is TJX a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting TJX’s revenue to decline 1.4% year on year to $16.19 billion, a reversal from the 13% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.17 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TJX has missed Wall Street’s revenue estimates three times over the last two years.
With TJX being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for general merchandise retail stocks. However, the segment has faced declining investor sentiment as TJX’s peer group is down 8% on average over the last month. TJX is down 2.8% during the same time and is heading into earnings with an average analyst price target of $131.82 (compared to the current share price of $121.60).
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