TJX (TJX) Q1 Earnings Report Preview: What To Look For

Off-price retail company TJX (NYSE:TJX) will be reporting earnings tomorrow before the bell. Here's what you need to know.

TJX beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $16.41 billion, up 13% year on year. It was a mixed quarter for the company, with a decent beat of analysts' revenue and EPS estimates but underwhelming earnings guidance for the next quarter.

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 5.8% year on year to $12.47 billion, improving from the 3.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.

The majority of analysts covering the company have 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 four times 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 beat analysts' revenue estimates by 1.5%, posting year-on-year sales declines of 2.5%. The stock was down 3.8% 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 8.1% on average over the last month. TJX is up 4% during the same time and is heading into earnings with an average analyst price target of $111.4 (compared to the current share price of $97.85).

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