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Ross Stores (ROST) Outperforms Broader Market: What You Need to Know
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In the latest close session, Ross Stores (ROST - Free Report) was up +1.18% at $129.10. The stock's change was more than the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.26%.
Shares of the discount retailer witnessed a loss of 1.13% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 3.84%, and the S&P 500's gain of 4.51%.
The investment community will be closely monitoring the performance of Ross Stores in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.54, marking a 3.14% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.53 billion, reflecting a 4.68% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.23 per share and a revenue of $21.99 billion, demonstrating changes of -1.42% and +4.07%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ross Stores. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.3% rise in the Zacks Consensus EPS estimate. As of now, Ross Stores holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Ross Stores is holding a Forward P/E ratio of 20.47. This valuation marks a discount compared to its industry average Forward P/E of 21.21.
We can also see that ROST currently has a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Discount Stores industry stood at 2.78 at the close of the market yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 168, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Ross Stores (ROST) Outperforms Broader Market: What You Need to Know
In the latest close session, Ross Stores (ROST - Free Report) was up +1.18% at $129.10. The stock's change was more than the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.26%.
Shares of the discount retailer witnessed a loss of 1.13% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 3.84%, and the S&P 500's gain of 4.51%.
The investment community will be closely monitoring the performance of Ross Stores in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.54, marking a 3.14% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.53 billion, reflecting a 4.68% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.23 per share and a revenue of $21.99 billion, demonstrating changes of -1.42% and +4.07%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ross Stores. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.3% rise in the Zacks Consensus EPS estimate. As of now, Ross Stores holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Ross Stores is holding a Forward P/E ratio of 20.47. This valuation marks a discount compared to its industry average Forward P/E of 21.21.
We can also see that ROST currently has a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Discount Stores industry stood at 2.78 at the close of the market yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 168, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.