Positive. Three retailers (TJX, ROST, BURL) expected to report positive earnings due to sales growth.

From Nasdaq: 2024-08-20 08:02:00

In the second-quarter earnings season, S&P 500 companies have reported total earnings up 8.3% YoY with 79.3% beating EPS estimates. Retail sector earnings are awaited, with TJX, ROST, and BURL set to report this month. Analysts forecast positive results for TJX and ROST, driven by sales growth and new store expansion. BURL is expected to benefit from strong execution and the off-price retail sector’s resilience. TJX is anticipated to report revenue of $8.24 billion and earnings growth of 9.6%. Factors affecting revenue and store growth are key metrics to watch for these retail giants.



Read more at Nasdaq:: 3 Retailers Set to Gain on Likely Earnings Beat This Month