The TJX Companies, Inc. (TJX) is set to report third-quarter earnings before the bell on Wednesday, November 19, and Wall Street's most accurate forecasters have been busy updating their models ahead of the print.

Analysts are expecting the Framingham, Massachusetts-based discount retail giant to post earnings of $1.22 per share, representing solid growth from the $1.14 reported in the same period last year. On the revenue front, the Street is looking for $14.86 billion compared to $14.06 billion a year ago.

The company enters earnings season with momentum on its side. Back on August 20, TJX delivered better-than-expected second-quarter results and boosted its full-year 2026 EPS guidance, giving investors confidence heading into the holidays.

Shares closed Tuesday at $145.58, up 0.3% for the session.

What the Smart Money Is Saying

Here's how some of Wall Street's most accurate analysts have positioned themselves on TJX recently:

Telsey Advisory Group's Dana Telsey, who maintains a 61% accuracy rating, stuck with an Outperform rating and $155 price target on November 12.

TD Cowen's John Kernan got more bullish on November 10, maintaining his Buy rating while bumping the price target from $160 to $162. Kernan sports a 67% accuracy rate on his calls.

Wells Fargo analyst Ike Boruchow, the most accurate of the bunch at 72%, kept his Equal-Weight rating but raised his price target from $130 to $140 on October 27. That's a meaningful uptick even from a neutral-rated analyst.

BTIG's Robert Drbul initiated coverage on October 15 with a Buy rating and the Street-high $165 price target. His track record shows a 62% accuracy rate.

JP Morgan's Matthew Boss, accurate 65% of the time, maintained an Overweight rating and nudged his target from $148 to $149 on October 6.

The takeaway? Most of Wall Street's sharpest minds see upside from current levels, even if they disagree on exactly how much. Wednesday morning will tell us whether their optimism is justified.