TJX Companies Inc (NYSE:TJX) announced better-than-expected results for the third quarter and raised its full-year forecast, but lackluster fiscal fourth-quarter guidance appears to be hurting shares.
TJX (TJX) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.03 per share a year ago.
The parent of TJ Maxx and Marshalls provided lackluster guidance for the fourth quarter.
TJX Companies beat Wall Street's estimates and raised its full-year profitability guidance. The off-price giant, which owns TJ Maxx, Marshall's and Home Goods, said it was seeing a "strong start" to the holiday shopping season.
Same-stores sales rose 7% at discounter's international segment
Investors with an interest in Retail - Discount Stores stocks have likely encountered both Dollar General (DG) and TJX (TJX). But which of these two stocks is more attractive to value investors?
TJX's Q3 performance is likely to have benefited from gains from the strength of its off-price model, increased customer traffic and better merchandise margins.
TJX Cos. (TJX) is set to report earnings before the market opens on Wednesday, and analysts see room for upward share movement.
CNBC's Jim Cramer highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia, TJX and Walmart. He also told investors to proceed with caution as the market digests Donald Trump's win.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for TJX (TJX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
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TJX (TJX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.