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S&P 500 (NYSE:SPY) component TJX Cos (NYSE:TJX) will unveil its latest earnings on Tuesday, August 14, 2012. The TJX Companies is an off-price apparel and home fashions retailer in the United States and worldwide.
TJX Cos Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 55 cents per share, a rise of 22.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 51 cents. Between one and three months ago, the average estimate moved up. It has risen from 53 cents during the last month. For the year, analysts are projecting profit of $2.45 per share, a rise of 23.1% from last year.
Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 55 cents per share against a mean estimate of profit of 54 cents. The company fell in line with estimates in the fourth quarter of the last fiscal year.
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Stock Price Performance: Between May 14, 2012 and August 8, 2012, the stock price rose $5.40 (13.6%), from $39.70 to $45.10. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 20, 2011, when shares rose for eight straight days, increasing 12.5% (+$6.45) over that span. It saw one of its worst periods between May 2, 2012 and May 9, 2012 when shares fell for six straight days, dropping 3% (-$1.26) over that span.
Wall St. Revenue Expectations: Analysts are projecting a rise of 9.5% in revenue from the year-earlier quarter to $5.99 billion.
Analyst Ratings: With 13 analysts rating the stock a buy, none rating it a sell and nine rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.66 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 1.68 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 2.9% to $3.15 billion while assets rose 1.9% to $5.23 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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