Wall Street analysts expect TJX (TJX) to post quarterly earnings of $1.18 per share in its upcoming report, which indicates a year-over-year increase of 7.3%. Revenues are expected to be $15.14 billion, up 5.1% from the year-ago quarter.
The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain TJX metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Net Sales- Marmaxx' to come in at $9.23 billion. The estimate indicates a change of +4.4% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- TJX International' will reach $2.01 billion. The estimate suggests a change of +6.1% year over year.
Analysts' assessment points toward 'Net Sales- TJX Canada' reaching $1.45 billion. The estimate indicates a year-over-year change of +4.9%.
The average prediction of analysts places 'Net Sales- HomeGoods' at $2.48 billion. The estimate suggests a change of +8.5% year over year.
The collective assessment of analysts points to an estimated 'Comparable store sales (YoY change) - Total' of 3.2%. The estimate compares to the year-ago value of 4.0%.
The consensus estimate for 'Comparable Store Sales - TJX Canada - YoY change' stands at 2.8%. Compared to the current estimate, the company reported 9.0% in the same quarter of the previous year.
Analysts forecast 'Comparable store sales (YoY change) - HomeGoods' to reach 6.0%. Compared to the present estimate, the company reported 5.0% in the same quarter last year.
Analysts predict that the 'Comparable store sales (YoY change) - Marmaxx' will reach 2.7%. Compared to the current estimate, the company reported 3.0% in the same quarter of the previous year.
The consensus among analysts is that 'Comparable Store sales- TJX International (Europe & Australia)' will reach 3.0%. The estimate compares to the year-ago value of 5.0%.
The combined assessment of analysts suggests that 'Gross Square Feet - Stores - Canada - HomeSense (EOP)' will likely reach 3.82 million. Compared to the current estimate, the company reported 3.80 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Number of stores - Total' should come in at 5,292 . Compared to the current estimate, the company reported 5,134 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Number of stores - U.S.- Sierra' should arrive at 158 . Compared to the present estimate, the company reported 127 in the same quarter last year.
Over the past month, TJX shares have recorded returns of -0.6% versus the Zacks S&P 500 composite's +3.8% change. Based on its Zacks Rank #3 (Hold), TJX will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.Â
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Â
Originally published on zacks.com, part of the BLOX Digital Content Exchange.
Please disable your ad blocker, whitelist our site, or purchase a subscription
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.