The TJX Companies Q3 Earnings Beat Expectations, but Q4 and Full-Year Forecasts Come up Short (TJX)

The TJX Companies Q3 Earnings Beat Expectations, but Q4 and Full-Year Forecasts Come up Short (TJX)


Discount apparel and home goods retailer The TJX Companies, Inc. (TJX) on Tuesday posted better-than-expected third quarter earnings results, although its outlook for the remainder of the year was a bit more reserved.

The Framingham, MA-based company reported third quarter net income of $462 million, or 62 cents per share, compared with $406 million, or 53 cents per share, in the year-ago period.

Revenue rose 11% from last year to $6.41 billion.

On average, Wall Street analysts expected a smaller profit of 61 cents per share, on smaller revenue of $6.39 billion.

For the fourth quarter, TJX forecast adjusted earnings of 72-75 cents per share, which would miss analysts’ view of 76 cents. For the full fiscal year, the company anticipates earnings of $2.45 to $2.48, which would is slightly below Wall Street expectations for $2.49 per share.

The TJX Companies shares posted small gains in premarket trading Tuesday.

The Bottom Line
Shares of The TJX Companies (TJX) have a 1.12% dividend yield, based on last night’s closing stock price of $40.97. The stock has technical support in the $37-$38 price area. If the shares can firm up, we see overhead resistance around the $43-$44 price levels.

The TJX Companies, Inc. (TJX) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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