TJX (TJX) Reports Earnings Tomorrow: What To Expect

Off-price retail company TJX (NYSE:TJX) will be reporting earnings tomorrow before market open. Here’s what to look for.

TJX met analysts’ revenue expectations last quarter, reporting revenues of $12.48 billion, up 5.9% year on year. It was a weaker quarter for the company, with underwhelming earnings guidance for the full year.

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 $13.32 billion, slowing from the 7.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 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 three 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 missed analysts’ revenue estimates by 1.1%, posting year-on-year sales declines of 5.2%. The stock was down 9.5% on the results.

Read our full analysis of Dillard’s earnings results here.

Investors in the general merchandise retail segment have had steady hands going into earnings, with share prices flat over the last month. TJX’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $117.4 (compared to the current share price of $112.89).

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