TJX Companies (NYSE: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:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.81 | 0.57 | 0.30 | 0.62 |
| EPS Actual | 0.84 | 0.79 | 0.44 | 0.50 |
| Revenue Estimate | 12.25B | 11.01B | 8.62B | 11.48B |
| Revenue Actual | 12.53B | 12.08B | 10.09B | 10.94B |
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.
