The TJX Companies First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The TJX Companies, Inc. (NYSE:TJX) will unveil its latest earnings on Tuesday, May 15, 2012. The TJX Companies is an off-price apparel and home fashions retailer in the United States and worldwide.

The TJX Companies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 54 cents per share, a rise of 38.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 46 cents. Between one and three months ago, the average estimate moved up. It has risen from 52 cents during the last month. Analysts are projecting profit to rise by 20.6% versus last year to $2.40.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 62 cents per share versus a mean estimate of profit of 62 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 0 cents.

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Wall St. Revenue Expectations: On average, analysts predict $5.75 billion in revenue this quarter, a rise of 10.2% from the year-ago quarter. Analysts are forecasting total revenue of $25.13 billion for the year, a rise of 8.4% from last year’s revenue of $23.19 billion.

Analyst Ratings: Analysts are high on the stock, with 14 analysts rating it as a buy, none rating it as a sell and 10 rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 42.1% to $475.3 million (62 cents a share) from $334.4 million (42 cents a share) the year earlier, meeting analyst expectations. Revenue rose 6% to $6.71 billion from $6.33 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 14.2% in the second quarter of the last fiscal year and 9.2% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 4.1% in the first quarter of the last fiscal year, 7.9% in the second quarter of the last fiscal year and 4.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 13, 2012 and May 9, 2012, the stock price rose $6.96 (20.3%), from $34.31 to $41.27. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 11, 2011, when shares rose for 11 straight days, increasing 11.5% (+$2.83) over that span. It saw one of its worst periods between May 26, 2011 and June 6, 2011 when shares fell for seven straight days, dropping 6.3% (-$1.67) over that span.

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

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