Off-price retail company TJX (NYSE:TJX) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
TJX beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $16.35 billion, flat year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations significantly and full-year EPS guidance missing analysts’ expectations.
Is TJX a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting TJX’s revenue to grow 4.4% year on year to $13.02 billion, slowing from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TJX has missed Wall Street’s revenue estimates twice over the last two years.
Looking at TJX’s peers in the general merchandise retail segment, only Dillard's has reported results so far. It met analysts’ revenue estimates, posting year-on-year sales declines of 1.6%. The stock traded up 8.1% on the results.
Read our full analysis of Dillard’s earnings results here.There has been positive sentiment among investors in the general merchandise retail segment, with share prices up 19.8% on average over the last month. TJX is up 9.3% during the same time and is heading into earnings with an average analyst price target of $135.05 (compared to the current share price of $135.50).
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