TJX (TJX) closed at $154.79 in the latest trading session, marking a +2.53% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw a downswing of 0.2%, while the tech-heavy Nasdaq depreciated by 1.47%.
Shares of the parent of T.J. Maxx, Marshalls and other stores witnessed a loss of 8.02% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 0.51%, and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of TJX in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.17, signifying a 6.36% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $15.12 billion, indicating a 5.02% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.17 per share and a revenue of $63.9 billion, signifying shifts of +9.3% and +5.85%, respectively, from the last 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, TJX boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, TJX is currently exchanging hands at a Forward P/E ratio of 29.21. This indicates a premium in contrast to its industry's Forward P/E of 29.19.
Also, we should mention that TJX has a PEG ratio of 3.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 2.54 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 16, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).