TJX (TJX) To Report Earnings Tomorrow: Here Is What To Expect

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TJX Cover Image

Off-price retail company TJX (NYSE: TJX) will be reporting results this Wednesday morning. Here’s what to look for.

TJX beat analysts’ revenue expectations last quarter, reporting revenues of $15.12 billion, up 7.5% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ gross margin estimates.

Is TJX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting TJX’s revenue to grow 6.2% year on year, improving from its flat revenue in the same quarter last year.

TJX Total Revenue

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 a history of exceeding Wall Street’s expectations.

With TJX being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for general merchandise retail stocks. However, the segment has faced declining investor sentiment as TJX’s peer group is down 2.5% on average over the last month. TJX is up 5.1% during the same time .

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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