Countdown to TJX (TJX) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Analysts forecast that TJX will report quarterly earnings of $1.09 per share, reflecting a year-over-year increase of 5.8%, with revenues expected to reach $13.97 billion, a 5.3% increase compared to the previous year [1]. Earnings Estimates - Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, indicating a collective reconsideration by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting potential investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts project 'Net Sales- Marmaxx' to reach $8.62 billion, indicating a year-over-year change of +6.4% [4]. - 'Net Sales- TJX International' is expected to be $1.73 billion, reflecting a +6.2% change year-over-year [5]. - 'Net Sales- TJX Canada' is forecasted at $1.36 billion, showing a +3.6% change from the previous year [5]. - 'Net Sales- HomeGoods' is projected to reach $2.29 billion, indicating a +3.7% year-over-year change [5]. Comparable Store Sales - The estimated 'Comparable store sales (YoY change) - Total' is 3.6%, down from 6% in the previous year [6]. - 'Comparable store sales (YoY change) - HomeGoods' is predicted at 1.5%, compared to 9% last year [6]. - 'Comparable store sales (YoY change) - Marmaxx' is expected to be 3.6%, down from 7% in the previous year [6]. - 'Comparable Store Sales - TJX Canada - YoY change' is estimated at 1.3%, compared to 3% in the same quarter last year [7]. Store Metrics - The total number of stores is projected to be 5,069, up from 4,934 in the same quarter last year [8]. - The number of stores for U.S. - T.J. Maxx is expected to be 1,339, compared to 1,317 last year [8]. - The consensus estimate for the number of stores for U.S. - Marshalls stands at 1,215, up from 1,196 in the previous year [8]. Stock Performance - Shares of TJX have shown returns of +2.1% over the past month, outperforming the Zacks S&P 500 composite's +1.6% change [9].