TJX Companies is scheduled to release earnings before Tuesday's open. The stock hit a record high of $83.64/share in 2016 and is currently trading near $77/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Earnings Preview: Jan-March 2017
TJX Companies is expected to earn $0.79/share on $7.85 billion in revenue. Meanwhile, the so-called Whisper number is $0.82. The Whisper number is the Street's unofficial view on earnings.
Company Profile & Various Businesses:
Here is a brief company profile courtesy of Thomson Reuters Eikon:
The TJX Companies, Inc. (TJX), incorporated on April 9, 1962, is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. As of January 28, 2017, the Company had over 3,800 stores around the world.
Competition:
The company competes with other low-priced retailers such as: Target Corporation, Wal-Mart Stores, Sears Holdings, Kohl's, Ross Stores, Men's Wearhouse, and Stein Mart just to name a few.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.
