TJX (TJX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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]