TJX (TJX) closed at $155.13 in the latest trading session, marking a -1.9% move from the prior day. This move lagged the S&P 500's daily loss of 0.53%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1%.
Shares of the parent of T.J. Maxx, Marshalls and other stores witnessed a gain of 1.97% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.07%, and the S&P 500's gain of 2.06%.
The upcoming earnings release of TJX will be of great interest to investors. The company's upcoming EPS is projected at $1.38, signifying a 12.20% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.4 billion, indicating a 6.43% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.67 per share and revenue of $60.01 billion, indicating changes of +9.62% and +6.48%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for TJX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. Right now, TJX possesses a Zacks Rank of #2 (Buy).
Investors should also note TJX's current valuation metrics, including its Forward P/E ratio of 33.85. Its industry sports an average Forward P/E of 29.85, so one might conclude that TJX is trading at a premium comparatively.
Also, we should mention that TJX has a PEG ratio of 3.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Retail - Discount Stores industry held an average PEG ratio of 3.32.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 9% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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The TJX Companies, Inc. (TJX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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