Investors have high hopes for TJX Cos. They’re betting that the off-price retailer’s burgeoning appeal will once again help it report better earnings than Wall Street expects. TJX has beaten earnings expectations in its past three fiscal quarters while delivering solid year-over-year sales growth. “We expect the triad of 1) trade down, 2) the peak of consumers seeking value, and 3) particularly compelling inventory to boost the top line in 4Q23,” wrote Adrienne Yih, an analyst at Barclays in a note last week.
The TJX Companies (TJX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
NetApp's (NTAP) fiscal third-quarter performance is likely to have gained from momentum in product, and hyperscaler first-party and marketplace services amid soft macroeconomic conditions.