The TJX Companies

Services | Department Stores | USA

TJX (TJX) Surpasses Q1 Earnings and Revenue Estimates

TJX (TJX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 3.64%. A quarter ago, it was expected that this parent of T.J. Maxx, Marshalls and other stores would post earnings of $0.68 per share when it actually produced earnings of $0.59, delivering a surprise of -13.24%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

TJX, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $9.28 billion for the quarter ended April 2019, surpassing the Zacks Consensus Estimate by 0.90%. This compares to year-ago revenues of $8.69 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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https://finance.yahoo.com/news/tjx-tjx-s...01477.html