TJX (TJX) Q4 Earnings: What To Expect

Kayode Omotosho /
2024/02/27 2:01 am EST

Off-price retail company TJX (NYSE:TJX) will be reporting results tomorrow before the bell. Here's what to expect.

Last quarter TJX reported revenues of $13.27 billion, up 9% year on year, beating analyst revenue expectations by 1.4%. It was a mixed quarter for the company, with revenue and EPS outperforming Wall Street's estimates. On the other hand, its earnings forecast for next quarter underwhelmed, driven by the shutdown of its HomeGoods e-commerce business during the quarter.

Is TJX buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting TJX's revenue to grow 11.4% year on year to $16.18 billion, improving on the 4.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.12 per share.

TJX Total Revenue

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 has so far reported results, delivering top-line growth of 1.1% year on year, missing analyst estimates by 1.5%. The stock traded down 3.8% on the results.

Read our full analysis of Boot Barn's earnings results here.

There has been positive sentiment among investors in the apparel and footwear retail segment, with the stocks up on average 5.3% over the last month. TJX is up 2.9% during the same time, and is heading into the earnings with analyst price target of $103.5, compared to share price of $99.2.

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