The TJX Companies, Inc. (TJX – Analyst Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
TJX has been witnessing softer comps for the past few quarters mainly due to reduced discretionary spending of the consumers. The company has also been experiencing pressurized margins as it has not been able to raise prices to the desired level owing to its off price nature.
Due to this, investors are eagerly awaiting TJX’s earnings report in order to set the record straight and to give guidance for the company’s outlook.
Investors should also note that earnings estimate for TJX has been not been revised during the last 60 days. TJX has a mixed history when it comes to recent earnings reports as the stock has posted in line results for one quarter, negative surprise in another and positive surprises in the remaining two quarters, with an average surprise of a negative 0.40%.
Currently, TJX has a Zacks Rank #4 (Sell), but that could definitely change following TJX Companies’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TJX beats on earnings. Our consensus earnings estimate called for EPS of $0.66/share, and the company reported EPS of $0.69 instead. Investors should note that these figures take out stock option expenses.
Revenues: TJX reported revenues of $6.9 billion compared to our consensus estimate of $6.81 billion.
Key Stats to Note: Comparable store sales increased 5% year over year.
Stock Price: Inactive in pre-market trading
