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TJX Cos Third Quarter Earnings Preview
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TJX
When TJX Cos (NYSE:TJX) releases its third quarter earnings on Tuesday, November 13, 2012, it is expected to report earnings that are up 17% from a year ago. The consensus estimate is 62 cents per share, up from earnings of 53 cents per share a year ago.
Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: 12 Things You Need To Know About Financial Statements
What to Expect: Over the past month, the consensus estimate has gone up, from 61 cents, but it is the same as it was 90 days ago. Analysts are expecting earnings of $2.48 per share for the fiscal year.
TJX is expected to beat last year's reported revenue of $5.79 billion and come in at $6.35 billion for the quarter. Revenue of $25.52 billion is expected for the fiscal year.
Company Performance: TJX has a P/E ratio of 18.4. A company's price/earnings ratio (P/E ratio) provides a measure of how expensive or cheap a stock is. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: How To Find P/E And PEG Ratios
Since August 10, 2012, the stock price has dipped 7.7% to $41.02 from $44.46. October 15, 2012 to October 30, 2012 marked one of TJX's worst periods, as the share price fell $2.63.
The Competition: The TJX Companies is an off-price apparel and home fashions retailer in the United States and worldwide. The majority of analysts (12 of 22) give TJX a buy rating. In the last three months, the number of buy ratings has increased slightly.
The company's closest competitor in the retail (department and discount) industry is Wal-Mart (WMT). Analysts are less optimistic about TJX than about Wal-Mart. Eleven out of 21 analysts rate the latter a buy.
Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: 12 Things You Need To Know About Financial Statements
What to Expect: Over the past month, the consensus estimate has gone up, from 61 cents, but it is the same as it was 90 days ago. Analysts are expecting earnings of $2.48 per share for the fiscal year.
TJX is expected to beat last year's reported revenue of $5.79 billion and come in at $6.35 billion for the quarter. Revenue of $25.52 billion is expected for the fiscal year.
Company Performance: TJX has a P/E ratio of 18.4. A company's price/earnings ratio (P/E ratio) provides a measure of how expensive or cheap a stock is. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: How To Find P/E And PEG Ratios
Since August 10, 2012, the stock price has dipped 7.7% to $41.02 from $44.46. October 15, 2012 to October 30, 2012 marked one of TJX's worst periods, as the share price fell $2.63.
The Competition: The TJX Companies is an off-price apparel and home fashions retailer in the United States and worldwide. The majority of analysts (12 of 22) give TJX a buy rating. In the last three months, the number of buy ratings has increased slightly.
The company's closest competitor in the retail (department and discount) industry is Wal-Mart (WMT). Analysts are less optimistic about TJX than about Wal-Mart. Eleven out of 21 analysts rate the latter a buy.
by
Investopedia Staff
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