In the latest trading session, TJX (TJX) closed at $51.49, marking a -1.87% move from the previous day. This change lagged the S&P 500's 0.22% gain on the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the parent of T.J. Maxx, Marshalls and other stores had lost 4.29% over the past month, lagging the Retail-Wholesale sector's gain of 0.13% and the S&P 500's loss of 0.57% in that time.
Wall Street will be looking for positivity from TJX as it approaches its next earnings report date. This is expected to be November 20, 2018. In that report, analysts expect TJX to post earnings of $0.61 per share. This would mark year-over-year growth of 22%. Our most recent consensus estimate is calling for quarterly revenue of $9.50 billion, up 8.44% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.47 per share and revenue of $38.47 billion. These totals would mark changes of +22.28% and +7.27%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for TJX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.48% higher within the past month. TJX is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that TJX has a Forward P/E ratio of 21.24 right now. For comparison, its industry has an average Forward P/E of 21.24, which means TJX is trading at a no noticeable deviation to the group.
Investors should also note that TJX has a PEG ratio of 1.95 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.65 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TJX in the coming trading sessions, be sure to utilize Zacks.com.