Analysts on Wall Street project that TJX (TJX) will announce quarterly earnings of $0.92 per share in its forthcoming report, representing an increase of 8.2% year over year. Revenues are projected to reach $13.33 billion, increasing 4.5% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during ...

Core Viewpoint - TJX is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the upcoming earnings report expected on August 21, 2024 [1][2] Earnings Estimates - The consensus estimate for TJX's quarterly earnings is $0.92 per share, reflecting an 8.2% increase year-over-year [2] - Projected revenues for the quarter are $13.33 billion, which is a 4.5% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [3] - The Most Accurate Estimate for TJX is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +5.32% [6] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - TJX currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, TJX exceeded the expected earnings of $0.87 per share by delivering $0.93, resulting in a surprise of +6.90% [8] - Over the past four quarters, TJX has beaten consensus EPS estimates three times [8] Conclusion - While an earnings beat may not solely dictate stock movement, betting on stocks expected to exceed earnings expectations can enhance the odds of success [9] - TJX is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [9]

Group 1 - The consensus price target for TJX Companies Inc is $106.88 based on the ratings of 26 analysts, with a high target of $134 from UBS and a low target of $80 from Gordon Haskett [2] - Recent analyst ratings from Telsey Advisory Group, Morgan Stanley, and Loop Capital suggest an average price target of $125, indicating a potential upside of 14.17% for TJX Companies Inc [2] - The most recent analyst ratings were released on August 14, July 18, and July 3, 2024, respectively [2] Group 2 - The article mentions a trend in analyst ratings, with a mix of "Buy," "Hold," and "Sell" recommendations, reflecting varying levels of confidence in TJX Companies Inc [3]

Core Viewpoint - Analyst recommendations, particularly for TJX, suggest a strong buy sentiment, but reliance solely on these recommendations may not be prudent due to potential biases from brokerage firms [1][2]. Brokerage Recommendation Trends for TJX - TJX has an average brokerage recommendation (ABR) of 1.16, indicating a strong buy to buy sentiment, with 92% of the 25 recommendations being strong buys [1]. - Studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [2]. - Brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" [2]. Zacks Rank and Its Importance - Zacks Rank categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][5]. - The Zacks Rank is distinct from ABR, as it is a quantitative model rather than solely based on brokerage recommendations [4]. - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in earnings estimates [6]. Investment Outlook for TJX - The Zacks Consensus Estimate for TJX remains unchanged at $4.09, suggesting steady analyst views on the company's earnings prospects [7]. - The unchanged consensus estimate has led to a Zacks Rank of 3 (Hold) for TJX, indicating a cautious approach despite the strong buy sentiment from the ABR [7].

In the latest market close, TJX (TJX) reached $109.41, with a +0.48% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%.The parent of T.J. Maxx, Marshalls and other stores's stock has dropped by 2.96% in the past month, exceeding the Retail-Wholesale sector's loss of 8.36% and the S&P 500's loss of 6.74%.The upcoming earnings rele ...

Core Viewpoint - TJX Companies Inc is expected to report strong second-quarter earnings, with historical performance indicating a positive trend for the stock in August [1][3]. Group 1: Earnings Performance - TJX is set to report its second-quarter results on August 21, and it is noted as one of the best-performing stocks in the S&P 500 for August, being the only retailer on the list [1]. - Over the past ten years, TJX has finished higher in nine of those years in August, averaging a gain of 4.4% [3]. - The stock has shown a year-over-year increase of over 31% and reached an all-time high of $115.34 on July 12 [3]. Group 2: Historical Earnings Trends - Historically, TJX has performed well post-earnings, finishing six of its last eight post-earnings sessions higher, including a 3.5% gain in May [5]. - The stock has averaged a price movement of 2.8% in the two years following earnings reports, regardless of direction [5]. Group 3: Volatility and Options Strategy - The stock's Schaeffer's Volatility Index (SVI) is at 18%, placing it in the low 22nd percentile of annual readings, indicating affordable premiums amid low volatility expectations [5]. - A premium-selling strategy may be advantageous, as TJX has a Schaeffer's Volatility Scorecard (SVS) of 19 out of 100, suggesting it has consistently experienced lower volatility than what its options have priced in [5].

Core Viewpoint - TJX has shown a positive stock performance recently, outperforming the broader market and its industry, indicating potential for future growth [1] Earnings Estimate Revisions - The current quarter's earnings estimate for TJX is $0.87 per share, reflecting a +2.4% change year-over-year, with the fiscal year estimate at $4.09, indicating an +8.8% change [3] - The next fiscal year's consensus earnings estimate is $4.50, suggesting a +9.9% change from the previous year [3] - The Zacks Rank for TJX is 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [4] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $13.33 billion, representing a +4.5% year-over-year change [5] - For the current fiscal year, revenue estimates are $55.98 billion, indicating a +3.3% change, and for the next fiscal year, $58.93 billion, suggesting a +5.3% change [5] Last Reported Results and Surprise History - TJX reported revenues of $12.48 billion in the last quarter, a +5.9% year-over-year increase, with an EPS of $0.93 compared to $0.76 a year ago [6] - The company has surpassed consensus EPS estimates three times in the last four quarters [6] Valuation - TJX's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing its stock price relative to its intrinsic value [7] - The Zacks Value Style Score for TJX is graded C, indicating it is trading at par with its peers [8] Conclusion - The Zacks Rank 2 suggests that TJX may outperform the broader market in the near term, making it a stock worth monitoring [9]

Company Performance - TJX's stock closed at $113.22, reflecting a +0.59% change from the previous trading day's closing, outperforming the S&P 500's 0.5% loss [1] - Over the past month, TJX shares gained 1.79%, surpassing the Retail-Wholesale sector's loss of 1.37% and the S&P 500's gain of 0.1% [1] - The upcoming earnings report is scheduled for August 21, 2024, with an expected EPS of $0.90, indicating a 5.88% increase year-over-year, and revenue projected at $13.33 billion, up 4.45% from the prior-year quarter [1] Analyst Estimates - Full-year Zacks Consensus Estimates predict earnings of $4.09 per share and revenue of $55.98 billion, representing year-over-year changes of +8.78% and +3.25%, respectively [2] - Recent modifications to analyst estimates indicate changing business trends, with positive revisions suggesting analyst optimism regarding TJX's profitability [2] Zacks Rank and Valuation - TJX currently holds a Zacks Rank of 2 (Buy), with a historical track record of outperforming the market [3] - The Forward P/E ratio for TJX is 27.52, which is a premium compared to the industry average of 21.43 [3] - The PEG ratio for TJX stands at 3.01, higher than the Retail-Discount Stores industry average of 2.31 [3] Industry Overview - The Retail-Discount Stores industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 62, placing it in the top 25% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

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The TJX Companies, Inc. (TJX) is gaining on its robust expansion in brick-and-mortar and online retail channels. As a leading off-price retailer, TJX is actively focused on accelerating its growth through effective marketing strategies. The company is committed to delivering attractive deals on popular brands and trendy fashion items to its customers.Courtesy of these upsides, The TJX Companies began the fiscal 2025 on a strong note, with the first-quarter top and the bottom line increasing year over year a ...