TJX Companies Inc. (TJX) is scheduled to release earnings on November 20, 2018 option traders are expecting a ± 8.7% move

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TJX Companies Inc. (TJX) is scheduled to release earnings on November 20, 2018, before the market opens, and will hold a conference call at 11:00 AM ET on the same day. The stock currently trades at 48.96, which is 8.0% lower than the close following its last reported earnings, trading with a range of 48.54 to 56.64 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 8.7% move for this earnings, and during the previous earnings release, the stock experienced a +4.7% move. Over the last 12 quarters, the absolute average move has been ± 3.1%, with a minimum move of 0.1% and a maximum move of 6.9%. TJX has only experienced 2 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
3 Days After Earnings:For 10 of the last 12 quarters (83%), TJX stock price has gone up in the 3 days following earnings. It has had an average gain of +1.9% during that span.
2 Days After Earnings:For 10 of the last 12 quarters (83%), the stock price has gone up in the 2 days following earnings. Over that period, it has an average gain of +1.2%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling out-of-the-money puts the day before earnings had 92% winning occurrences, for an average gain of +55.5%. Additionally, selling at-the-money straddles resulted in 75% winning occurrences, for an average return of +20.2%.

EPS Estimate

Analysts are currently expecting TJX to report an earnings of $0.61 per share, compared to $1.03 for the same quarter last year. Revenue is expected to come in at $9.5 billion versus $8.8 billion for the previous year.



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