Why TJX (TJX) is Poised to Beat Earnings Estimates Again

Core Insights - TJX is well-positioned to maintain its earnings-beat streak in upcoming reports, having surpassed earnings estimates by an average of 4.13% in the last two quarters [1][2] Earnings Performance - For the most recent quarter, TJX reported earnings of $0.90 per share, slightly below the expected $0.92, resulting in a surprise of 2.22% [2] - In the previous quarter, TJX exceeded the consensus estimate of $1.16 per share by reporting $1.23, achieving a surprise of 6.03% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for TJX, with a positive Earnings ESP of +1.13%, indicating analysts' bullish sentiment on its near-term earnings potential [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [8] Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]