The TJX Companies Inc. (TJX - Free Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.

TJX Companies is one of the few retailers that managed to stay afloat amid troubled waters of the retail sector, as most of the retailers are losing their market share to the online retailers as more and more buyers are opting for the convenience of buying through the internet. In addition, the company is working on brand enhancing initiatives in the form of product innovation and marketing campaigns. It has also undertaken several initiatives to boost sales along with an aggressive store opening and eCommerce expansion strategies.

Earnings Estimates Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by 0.8% to $3.91 in the last seven days, while it remain unchanged for fiscal 2019 in the same period of time. However, in the trailing four quarters, excluding quarter under review, the company beat the Zacks Consensus Estimate by an average of 4.1%.

Zacks Rank: Currently, TJX has a Zacks Rank #2 (Buy). The Zacks Rank could definitely change following TJX Companies’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: TJX posted earnings of 85 cents per share, beating our consensus of 84 cents per share. Investors should note that these figures take out stock option expenses.

Revenue: TJX posted revenues of $8.358 billion. This beats our consensus estimate of $8.329 billion.

Key Stats to Note: Comparable store sales increased 3% year over year compared to a 4% increase a year ago.

Stock Price: Shares were up around 2% in pre-market trading.