The date has been set. On Wednesday, August 19, TJX Companies (TJX) will report its fiscal 2Q21 financial results. Revenues are projected to land quite a bit below last year's levels: down 33%, not meaningfully better than last quarter's top-line wipeout. Projected per-share loss of 15 cents, if achieved, should also be disappointing compared to last year's EPS of $0.62.

Although TJX's headline numbers will still look ugly, the current earnings season could very well mark a turnaround in investor sentiment. This should be the last three-month period in which COVID-19 impacts the company's financial performance to a large extent, assuming that the pandemic does not stage a comeback in the Fall.

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