The TJX Companies Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The TJX Companies, Inc. (NYSE:TJX) will unveil its latest earnings on Tuesday, August 16, 2011. The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and worldwide.

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The TJX Companies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 88 cents per share, a rise of 20.5% 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 84 cents. Between one and three months ago, the average estimate moved up, and has risen from 86 cents during the last month. For the year, analysts are projecting net income of $3.93 per share, a rise of 12.6% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 78 cents per share versus a mean estimate of net income of 80 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 3 cents.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $5.43 billion in revenue this quarter, a rise of 7.1% from the year ago quarter. Analysts are forecasting total revenue of $23.09 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, one rating it as a sell and nine rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 4.1% to $5.22 billion in first quarter. The figure rose 6.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 5.4% in the third quarter of the last fiscal year from the year-ago quarter and 6.8% in the second quarter of the last fiscal year.

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 19.8% from the year earlier quarter, while the figure dropped 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), J.C. Penney (NYSE:JCP), 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 July 13, 2011 to August 10, 2011, the stock price had dropped $4.35 (-7.9%) from $55.06 to $50.71. 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% (+$5.70) 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% (-$3.37) over that span. Shares are up $6.78 (+15.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.