TJX Companies (NYS: TJX) reported earnings on Aug. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), TJX Companies met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly.
Margins grew across the board.
TJX Companies booked revenue of $5.95 billion. The three analysts polled by S&P Capital IQ expected to see a top line of $5.91 billion on the same basis. GAAP reported sales were 8.7% higher than the prior-year quarter's $5.47 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.56. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.56 for Q2 were 24% higher than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.1%, 80 basis points better than the prior-year quarter. Operating margin was 11.6%, 120 basis points better than the prior-year quarter. Net margin was 7.1%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $6.21 billion. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $25.51 billion. The average EPS estimate is $2.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 560 members out of 628 rating the stock outperform, and 68 members rating it underperform. Among 170 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 155 give TJX Companies a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TJX Companies is outperform, with an average price target of $46.35.
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The article TJX Companies Beats Analyst Estimates on EPS originally appeared on Fool.com.
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