TJX(US:TJX) ZACKS·2024-07-11 22:56Core Viewpoint - TJX has shown strong performance in the stock market, with a notable increase in share price and positive earnings projections, indicating a favorable outlook for the company [1][2]. Company Performance - TJX closed at $113.94, marking a +0.86% increase from the previous day, outperforming the S&P 500 which fell by 0.88% [1] - Over the past month, TJX shares gained 5.49%, surpassing the Retail-Wholesale sector's gain of 1.55% and the S&P 500's gain of 5.11% [1] - The upcoming earnings release is anticipated, with projected EPS of $0.90, reflecting a 5.88% increase year-over-year, and revenue forecasted at $13.33 billion, indicating a 4.45% growth [1] Analyst Estimates - For the annual period, earnings are expected to be $4.09 per share and revenue at $55.98 billion, representing increases of +8.78% and +3.25% respectively from the previous year [2] - Recent changes in analyst estimates suggest a positive outlook for TJX's business trends, with positive revisions typically correlating with stock price increases [2] Valuation Metrics - TJX has a Forward P/E ratio of 27.62, which is higher than the industry average of 21.24 [3] - The company has a PEG ratio of 3.02, compared to the Retail-Discount Stores industry average PEG ratio of 2.51 [3] Industry Context - The Retail-Discount Stores industry is ranked 169 in the Zacks Industry Rank, placing it in the bottom 33% of over 250 industries [4] - The Zacks Industry Rank indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [4]