The TJX Companies Inc.TJX is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
TJX has been modest earnings and revenue growth rate over the past few quarters backed by higher traffic, improved margins and solid comparable-store sales growth.
Due to this, investors are eagerly awaiting TJX's earnings report in order to set the record straight and to give guidance for the company's outlook.
Investors should also note that earnings estimate for TJX have remained stable during the last 30 days. TJX has a decent history when it comes to recent earnings reports as the stock has posted positive earnings surprises in the trailing 4 quarters, with an average beat of 3.29%.
Currently, TJX has a Zacks Rank #3 (Hold), but that could definitely change following TJX Companies' earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : TJX beats on earnings. Our consensus earnings estimate called for EPS of 84 cents share, and the company reported EPS of 86 cents instead. Investors should note that these figures take out stock option expenses.
Revenues : TJX reported revenues of $7.75 billion. This beat our consensus estimate of $7.68 billion.
Key Stats to Note : Comparable store sales increased 5% year over year compared to a 2% increase a year ago.
Shares of TJX increased more than 5% in the pre-market trading session, shortly after its earnings report was released.
Check back later for our full write up on this TJX earnings report later!