TJX Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component TJX Cos (NYSE:TJX) will unveil its latest earnings on Tuesday, November 13, 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 analyst estimate is for profit of 62 cents per share, a rise of 17% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 61 cents during the last month. Analysts are projecting profit to rise by 24.6% compared to last year’s $2.48.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by one cent, reporting net income of 56 cents per share against a mean estimate of profit of 55 cents. In the first quarter, the company exceeded forecasts by one cent with net income of 55 cents versus a mean estimate of profit of 54 cents.

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A Look Back: In the second quarter, profit rose 20.9% to $421.1 million (56 cents a share) from $348.3 million (45 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.7% to $5.95 billion from $5.47 billion.

Stock Price Performance: Between September 12, 2012 and November 7, 2012, the stock price had fallen $4.57 (-10%), from $45.59 to $41.02. The stock price saw one of its best stretches over the last year between April 10, 2012 and April 18, 2012, when shares rose for seven straight days, increasing 7% (+$2.71) over that span. It saw one of its worst periods between September 13, 2012 and September 25, 2012 when shares fell for nine straight days, dropping 5.4% (-$2.50) over that span.

Wall St. Revenue Expectations: On average, analysts predict $6.35 billion in revenue this quarter, a rise of 9.7% from the year-ago quarter. Analysts are forecasting total revenue of $25.52 billion for the year, a rise of 10% from last year’s revenue of $23.19 billion.

Analyst Ratings: There are 12 out of 22 analysts surveyed (54.5%) rating TJX Cos a buy.

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.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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