The TJX Companies Sees Q4 Adj. EPS $0.97-$1.00 vs $1.13 Est.; Sees FY24 Adj. EPS $3.61-$3.64 vs $3.73 Est.
Portfolio Pulse from Benzinga Newsdesk
The TJX Companies has provided guidance for Q4 adjusted EPS in the range of $0.97 to $1.00, which is below the estimated $1.13. Additionally, the company forecasts FY24 adjusted EPS to be between $3.61 and $3.64, also lower than the estimated $3.73.
November 15, 2023 | 12:34 pm
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NEGATIVE IMPACT
The TJX Companies has issued Q4 and FY24 adjusted EPS guidance below analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
When a company forecasts earnings below analyst estimates, it often results in negative investor sentiment and can lead to a decrease in the stock price as market participants adjust their expectations. The direct mention of TJX and specific figures for the earnings shortfall make this news highly relevant and important to investors, with a high level of confidence in the potential impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100