Analysts are expecting earnings of 85 cents per share, higher than the 75 cents per share the retailer posted in the same quarter of last year.
Analysts are estimating revenue of $7.43 billion for the quarter, higher than the $6.98 billion in sales TJX Cos. reported a year ago.
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Wedbush Securities analysts said the company has exposure to unfavorable foreign exchange rates, and noted that the company's gross margin guidance for flat to down 30 basis points appears to be "quite conservative," especially in the favorable buying environment.
TJX Cos. operates stores including TJ Maxx, Marshalls, and Homegoods.
Shares of TJX Cos. are slightly down 0.1% to $62.26 in late morning trading Monday.
Separately, TheStreet Ratings team rates TJX COMPANIES INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TJX COMPANIES INC (TJX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."