TJX (TJX) closed at $112.59 in the latest trading session, marking a -1.22% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.21%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.05%.

The parent of T.J. Maxx, Marshalls and other stores's shares have seen a decrease of 3.28% over the last month, not keeping up with the Retail-Wholesale sector's gain of 7.41% and the S&P 500's gain of 5.94%.

Market participants will be closely following the financial results of TJX in its upcoming release. The company's earnings per share (EPS) are projected to be $1.09, reflecting a 5.83% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $13.98 billion, indicating a 5.37% growth compared to the corresponding quarter of the prior 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.

It is also important to note the 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.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, TJX is carrying a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that TJX has a Forward P/E ratio of 27.46 right now. For comparison, its industry has an average Forward P/E of 20.17, which means TJX is trading at a premium to the group.

We can also see that TJX currently has a PEG ratio of 2.88. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores industry had an average PEG ratio of 2.42 as trading concluded yesterday.