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TJX Stock Higher on Strong Q1 Earnings Expectations

NEW YORK (TheStreet) -- TJX Cos. (TJX) stock is gaining 2.92% to $74.78 in mid-afternoon trading on Monday, as the off-price retailer prepares to report 2017 first quarter financial results before the market open on Tuesday.

Analysts have forecast for a year-over-year rise in both earnings and revenue.

Wall Street is looking for earnings of 71 cents per share on revenue of $7.29 billion for the most recent period.

Last year, TJX reported adjusted earnings of 69 cents per share on $6.87 billion in revenue for the 2016 first quarter.

TJX has surpassed the Zacks consensus estimates by an average 4.4% for the past four...