The TJX Companies Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The TJX Companies, Inc. (NYSE:TJX) will unveil its latest earnings on Tuesday, November 15, 2011. 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 estimate of analysts is for profit of $1.06 per share, a rise of 15.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from $1.07 during the last month. Analysts are projecting profit to rise by 14.3% versus last year to $3.99.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 90 cents per share against a mean estimate of profit of 89 cents per share. In the first quarter, it missed forecasts by 2 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $5.85 billion in revenue this quarter, a rise of 5.8% from the year ago quarter. Analysts are forecasting total revenue of $23.1 billion for the year, a rise of 6.6% from last year’s revenue of $21.66 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the second quarter, profit rose 14.2% to $348.3 million (90 cents a share) from $305 million (74 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.9% to $5.47 billion from $5.07 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 4.1% in the first quarter from the year earlier, climbed 6.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 5.4% in the third quarter of the last fiscal year.

The increase in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 19.8% in the first quarter and 15.3% in the fourth quarter of the last fiscal year.

Competitors to Watch: Gordmans Stores, Inc. (NASDAQ:GMAN), Citi Trends, Inc. (NASDAQ:CTRN), Stein Mart, Inc. (NASDAQ:SMRT), Syms Corp. (NASDAQ:SYMS), Wal-Mart Stores, Inc. (NYSE:WMT), Ross Stores, Inc. (NASDAQ:ROST), Fred’s, Inc. (NASDAQ:FRED), Target Corporation (NYSE:TGT), Macy’s, Inc. (NYSE:M), and Dillard’s, Inc. (NYSE:DDS).

Stock Price Performance: During September 14, 2011 to November 9, 2011, the stock price had risen $5.52 (10.4%) from $53.33 to $58.85. 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, rising 11.5% (+$5.68) 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, falling 6.3% (-$3.36) over that span. Shares are up $15.05 (+34.4%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.