TJX (TJX) closed at $117.40 in the latest trading session, marking a +0.55% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%.

The the stock of parent of T.J. Maxx, Marshalls and other stores has fallen by 0.92% in the past month, lagging the Retail-Wholesale sector's gain of 3.09% and the S&P 500's gain of 3.48%.

The investment community will be paying close attention to the earnings performance of TJX in its upcoming release. The company is forecasted to report an EPS of $1.09, showcasing a 5.83% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $13.98 billion, indicating a 5.37% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $4.15 per share and revenue of $56.19 billion, which would represent changes of +10.37% and +3.64%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for TJX. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, TJX possesses a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that TJX has a Forward P/E ratio of 28.13 right now. For comparison, its industry has an average Forward P/E of 20.59, which means TJX is trading at a premium to the group.

Also, we should mention that TJX has a PEG ratio of 2.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Discount Stores industry currently had an average PEG ratio of 2.38 as of yesterday's close.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 36% of all 250+ industries.