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Ross Stores (ROST) Laps the Stock Market: Here's Why
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Ross Stores (ROST - Free Report) closed the most recent trading day at $194.50, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.9%.
Heading into today, shares of the discount retailer had lost 0.37% over the past month, outpacing the Retail-Wholesale sector's loss of 1.03% and lagging the S&P 500's loss of 0.16%.
Analysts and investors alike will be keeping a close eye on the performance of Ross Stores in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.87, signifying a 4.47% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.37 billion, reflecting a 7.75% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.47 per share and a revenue of $22.47 billion, demonstrating changes of +2.37% and +6.37%, respectively, from the preceding year.
Any recent changes to analyst estimates for Ross Stores should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% higher. At present, Ross Stores boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Ross Stores currently has a Forward P/E ratio of 26.8. This denotes no noticeable deviation relative to the industry average Forward P/E of 26.8.
Also, we should mention that ROST has a PEG ratio of 3.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 2.98.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 17% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Ross Stores (ROST) Laps the Stock Market: Here's Why
Ross Stores (ROST - Free Report) closed the most recent trading day at $194.50, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.9%.
Heading into today, shares of the discount retailer had lost 0.37% over the past month, outpacing the Retail-Wholesale sector's loss of 1.03% and lagging the S&P 500's loss of 0.16%.
Analysts and investors alike will be keeping a close eye on the performance of Ross Stores in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.87, signifying a 4.47% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.37 billion, reflecting a 7.75% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.47 per share and a revenue of $22.47 billion, demonstrating changes of +2.37% and +6.37%, respectively, from the preceding year.
Any recent changes to analyst estimates for Ross Stores should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% higher. At present, Ross Stores boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Ross Stores currently has a Forward P/E ratio of 26.8. This denotes no noticeable deviation relative to the industry average Forward P/E of 26.8.
Also, we should mention that ROST has a PEG ratio of 3.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 2.98.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 17% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.