How Will TJX Companies Stock React To Its Upcoming Earnings?
TJX Companies (NYSE:TJX) is set to report its earnings on Wednesday, May 20, 2026. The company has $167 Bil in current market capitalization. Revenue over the last twelve months was $60 Bil, and it was operationally profitable with $7.2 Bil in operating profits and net income of $5.5 Bil. While the post-earnings stock reaction will depend on how the results and outlook stack up against investor expectations, a detailed look at historical results can aid you if you are an event-driven trader.
Here is how: either understand the historical odds and position yourself prior to the earnings announcement, or look at the correlation between immediate and medium-term returns post earnings and enter a trade one day after the announcement.
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TJX Companies’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
- There are 20 earnings data points recorded over the last five years, with 14 positive and 6 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 70% of the time.
- Notably, this percentage increases to 73% if we consider data for the last 3 years instead of 5.
- Median of the 14 positive returns = 3.2%, and median of the 6 negative returns = -3.1%
Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D | 5D | 21D |
| 2/25/2026 | -1.2% | 1.3% | 1.3% |
| 11/19/2025 | 0.2% | 4.7% | 6.2% |
| 8/20/2025 | 2.7% | 1.5% | 3.9% |
| 5/21/2025 | -2.9% | -6.5% | -8.5% |
| 2/26/2025 | 1.8% | -0.8% | -2.4% |
| 11/20/2024 | 0.2% | 5.6% | 1.4% |
| 8/21/2024 | 6.1% | 6.0% | 4.4% |
| 5/22/2024 | 3.5% | 3.8% | 13.6% |
| 2/28/2024 | 0.6% | -3.1% | 0.6% |
| 11/15/2023 | -3.3% | -3.7% | -2.8% |
| 8/16/2023 | 4.1% | 3.9% | 9.1% |
| 5/17/2023 | 0.9% | -0.9% | 4.2% |
| 2/22/2023 | -1.7% | -2.8% | -4.7% |
| 11/16/2022 | 5.2% | 6.6% | 4.7% |
| 8/17/2022 | 2.8% | -4.1% | -2.7% |
| 5/18/2022 | 7.1% | 6.2% | 1.0% |
| 2/23/2022 | -4.2% | -2.1% | -8.8% |
| 11/17/2021 | 5.8% | 2.1% | 5.7% |
| 8/18/2021 | 5.6% | 8.9% | 1.9% |
| 5/19/2021 | -5.3% | -5.4% | -9.1% |
| SUMMARY STATS | |||
| # Positive | 14 | 11 | 13 |
| # Negative | 6 | 9 | 7 |
| Median Positive | 3.2% | 4.7% | 4.2% |
| Median Negative | -3.1% | -3.1% | -4.7% |
| Max Positive | 7.1% | 8.9% | 13.6% |
| Max Negative | -5.3% | -6.5% | -9.1% |
Correlation Between 1D, 5D and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
| History | 1D_5D | 1D_21D | 5D_21D |
|---|---|---|---|
| 5Y History | -12.3% | 12.8% | -3.8% |
| 3Y History | -5.1% | 25.8% | 16.7% |
Is There Any Correlation With Peer Earnings?
Sometimes, peer performance can have an influence on post-earnings stock reaction. In fact, the pricing-in might begin before the earnings are announced. Here is some historical data on the past post-earnings performance of TJX Companies stock compared with the stock performance of peers that reported earnings just before TJX Companies. For fair comparison, peer stock returns also represent post-earnings one-day (1D) returns.
| 1D Return | Peer Post-Earnings 1D Return | |
|---|---|---|
| TJX Earnings Dates | TJX | DDS |
| 2/25/2026 | -1.2% | 0.7% |
| 11/19/2025 | 0.2% | -8.8% |
| 8/20/2025 | 2.7% | -0.3% |
| 5/21/2025 | -2.9% | -1.5% |
| 2/26/2025 | 1.8% | -4.2% |
| 11/20/2024 | 0.2% | -3.2% |
| 8/21/2024 | 6.1% | -0.8% |
| 5/22/2024 | 3.5% | 0.5% |
| 2/28/2024 | 0.6% | -3.7% |
| 11/15/2023 | -3.3% | 13.2% |
| 8/16/2023 | 4.1% | -6.2% |
| 5/17/2023 | 0.9% | 4.1% |
| 2/22/2023 | -1.7% | 2.6% |
| 11/16/2022 | 5.2% | 14.7% |
| 8/17/2022 | 2.8% | 11.8% |
| 5/18/2022 | 7.1% | -14.3% |
| 11/17/2021 | 5.8% | 7.1% |
| 8/18/2021 | 5.6% | -1.6% |
| CORRELATION | 29.6% |
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