TJX Companies: Q4 Earnings Insights

TJX Companies TJX reported its Q4 earnings results on Wednesday, February 23, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

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Earnings

TJX Companies missed estimated earnings by 14.29%, reporting an EPS of $0.78 versus an estimate of $0.91.

Revenue was up $2.91 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 0.61% drop in the share price the next day.

Here's a look at TJX Companies's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

TJX Companies management provided guidance for their next quarter, expecting earnings between $0.58 and $0.61 per share for the next quarter.

This represents a -23.72% in quarter-over-quarter growth for TJX Companies, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.