TJX Companies Earnings Preview: Analysts Expect Higher EPS, Revenue
TJX Companies (NYSE: TJX) unveils its next round of earnings this Tuesday, November 15, 2011. Get prepared with Benzinga's ultimate preview for TJX Companies' third quarter earnings.
Earnings and Revenue:
Analysts are predicting an EPS reading of $1.06/share and revenues of $5.85 billion. TJX Companies' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 92 cents/share on revenues of $5.53 billion. We'll have to wait for Tuesday to see if the company has accomplished the estimated 15.2% rise in EPS and 5.8% increase in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.89 | $0.80 | $1.02 | $0.91 |
| EPS Actual | $0.90 | $0.78 | $1.05 | $0.92 |
(Estimates Source: Zacks)
Stock Performance:
As of November 9, 2011, TJX Companies' current share price was $58.85. Shares are up 34.4% year to date. For a full 12 months, the return has risen by 11.5%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts is a Moderate Buy. The strength of this rating has declined slightly over the past three months.
Competitors:
Wondering how some of the other consumer discretionary companies are doing? Here are a few of TJX Companies' peers in that sector.
- Citi Trends (NASDAQ: CTRN): Moderate Sell with a -$0.62 recent quarter EPS
- Dillard's (NYSE: DDS): Moderate Buy with a $0.30 recent quarter EPS
- Fred's (NASDAQ: FRED): Hold with a $0.13 recent quarter EPS
- Gordman Stores (NASDAQ: GMAN): Moderate Buy with a $0.15 recent quarter EPS
The retail-discount company's industry has seen price/earnings growth of 1.2% during the current fiscal year.
Finally, a description of the company's main areas of operation: The TJX Companies is an off-price apparel and home fashions retailer in the United States and worldwide.
Take Action:
That's your advanced look at TJX Companies' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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