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What To Expect From TJX’s (TJX) Q3 Earnings

What To Expect From TJX’s (TJX) Q3 Earnings What To Expect From TJX’s (TJX) Q3 Earnings

Off-price retail company TJX (NYSE:) will be reporting earnings tomorrow before the bell. Here’s what you need to know.

Last quarter TJX reported revenues of $12.76 billion, up 7.7% year on year, beating analyst revenue expectations by 2.5%. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates. The company also lifted its full-year revenue and EPS guidance.

Is TJX buy or sell heading into the earnings? Find out by reading the original article on StockStory.

This quarter analysts are expecting TJX’s revenue to grow 7.4% year on year to $13.07 billion, improving on the 2.9% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St’s revenue estimates five times over the last two years.

Looking at TJX’s peers in the apparel and footwear retail segment, only Boot Barn (NYSE:) has so far reported results, delivering top-line growth of 6.5% year on year, missing analyst estimates by 0.8%. The stock traded down 6.2% on the results.

Read the full analysis of Boot Barn’s results on StockStory. There has been a stampede out of high valuation stocks and while some of the apparel and footwear retail stocks have fared somewhat better, they have not been spared, with share price declining 2.1% over the last month. TJX is up 2% during the same time, and is heading into the earnings with analyst price target of $99.0, compared to share price of $91.5.

The author has no position in any of the stocks mentioned.

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