TJX Companies (NYSE: TJX) announced its results for the third quarter on November 15, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
TJX Companies' EPS fell in line with analyst expectations of $1.06/share while revenue of $5.8 billion missed estimates of $5.85 billion. EPS rose 15.2% while revenue climbed 5% from the same period last year.
TJX Companies' revenue has grown during each of the past four quarters on a year-over-year basis.
Income:
Over the past year, TJX Companies reported net income of $3.79/share. The company trumped analyst projections of $3.78 by 0.3%. According to the reported number, the company's income rose 9% from last year's levels.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Official Comment:
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, "We are pleased with our strong overall third quarter performance as our 15% increase in earnings per share was in line with our expectations and achieved on top of a 14% increase last year and 40% growth in the year before that. We achieved these strong results despite unseasonably warm weather during the quarter in many key regions of the U.S. and Canada, which hindered demand for fall apparel. We are also encouraged by the progress we are making at TJX Europe. Further, it's important to note that sales in the U.S. picked up when the weather turned cooler and we ended the quarter strongly."
Industry:
TJX Companies is in the retail-discount industry. That industry is currently enjoying price/earnings growth of 1.2%.
What to Do Next:
Now you can make a better-informed decision about whether to buy, sell or hold TJX Companies shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.
- To see up-to-date news on TJX Companies, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
- To see up-to-date news on TJX Companies, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
(Estimates Source: Zacks)
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
