Ross Stores and TJX Companies are set to report their quarterly earnings this week, and both companies are experiencing positive earnings momentum. Despite only 14 S&P 500 companies scheduled to report, this week is significant, particularly for retailers, with Nvidia also being a key focus due to its prominence in the market.
According to data from FactSet, both Ross Stores and TJX Companies have seen their earnings estimates revised upward by at least 10% in the past three and six months, and they have average analyst price targets suggesting at least 10% upside potential. Ross Stores has performed well, with its shares up 18% in 2026, while TJX Companies has seen a decline of 4%.
Deutsche Bank has maintained a buy rating on both stocks ahead of their earnings announcements. Analyst Krisztina Katai noted that Ross Stores continues to exceed expectations with strong same-store sales momentum, supported by effective merchandising and advertising strategies, leading to a price target of $253, indicating a potential 19% increase.
For TJX, Katai highlighted its resilient business model and improved marketing efforts, suggesting a favorable setup for earnings per share growth, with a price target of $182, which implies a 23% upside. Other companies with earnings momentum this week include Keysight Technologies and Nordson Corporation