Off-price retail company TJX (NYSE:TJX) will be reporting results tomorrow before market hours. Here’s what to expect.
TJX beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $13.47 billion, up 5.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations.
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 5.2% year on year to $13.95 billion, slowing from the 9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.10 per share.
Analysts covering the company have generally 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 twice 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 1.2%, posting year-on-year sales declines of 3.5%. The stock traded up 9.9% 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 is up 2.8% during the same time and is heading into earnings with an average analyst price target of $126.55 (compared to the current share price of $118.90).
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