Send me real-time posts from this site at my email
Zacks

Things to Note Ahead of TJX Companies' (TJX) Q1 Earnings

The TJX Companies, Inc. TJX is slated to release first-quarter fiscal 2021 results on May 21. The leading off-price retailer has a trailing four-quarter positive earnings surprise of 3%, on average.

The Zacks Consensus Estimate for first-quarter bottom line has been revised from a loss of 4 cents per share to a loss of 16 cents in the past 30 days. Moreover, the metric suggests a significant deterioration from the year-ago quarter’s earnings of 57 cents. Further, the consensus mark for revenues is pegged at $5.78 billion, which indicates a fall of 37.7% from the figure reported in the year-ago quarter.

The TJX Companies, Inc. Price and EPS Surprise

The TJX Companies, Inc. price-eps-surprise | The TJX Companies, Inc. Quote


Key Factors to Note

Thanks to the coronavirus outbreak, TJX Companies had shut down its stores across the United States, Canada, Europe, and Australia among others effective Mar 19. Moreover, management earlier stated that the company’s online business via tjmaxx.com, marshalls.com and sierra.com have been non-operational due to the outbreak. We believe that the impact of the pandemic is likely to get reflected in the company’s fiscal first-quarter performance.

In a recent press release, management also highlighted that the company will support store employees with two weeks of pay amid coronavirus-led store closures. Apart from these, adverse impact from unfavorable currency rates cannot be ignored.

What the Zacks Model Unveils

Our proven model doesn’t predict an earnings beat for TJX Companies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

TJX Companies’ carries a Zacks Rank #5 (Strong Sell) and an Earnings ESP of -60.82%.

Some Stocks With Favorable Combination

Here are some companies that you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat.

The J. M. Smucker Company SJM currently has an Earnings ESP of +0.92% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Campbell Soup Company CPB has an Earnings ESP of +11.70% and a Zacks Rank #2.

Dollar General Corporation DG currently has an Earnings ESP of +1.25% and a Zacks Rank of 3.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Campbell Soup Company (CPB): Free Stock Analysis Report
 
The J. M. Smucker Company (SJM): Free Stock Analysis Report
 
The TJX Companies, Inc. (TJX): Free Stock Analysis Report
 
Dollar General Corporation (DG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue