TJX Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
TJX Companies, Inc. (NYSE:TJX) is anticipated to report higher Q4 earnings before the market opens on Feb. 28, 2024, with expected earnings of $1.12 per share, up from 89 cents a year ago, and projected revenue of $16.21 billion, up from $14.52 billion. The company previously reported a 9% year-on-year sales growth for Q3 FY24, with shares closing at $100.52 recently. Analysts from Telsey Advisory Group, Baird, B of A Securities, Wells Fargo, and Evercore ISI Group have provided ratings and price targets, reflecting a generally positive outlook.
February 28, 2024 | 6:22 am
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POSITIVE IMPACT
TJX Companies, Inc. is expected to report higher Q4 earnings with a positive outlook from analysts, indicating potential upward movement in stock price.
The anticipated increase in Q4 earnings and revenue for TJX, coupled with a positive analyst outlook and recent share price gain, suggests a potential short-term upward movement in the stock price. Analyst ratings and price targets from reputable firms further support this positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100