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Ross Stores (ROST) Declines More Than Market: Some Information for Investors
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Ross Stores (ROST - Free Report) closed at $224.48 in the latest trading session, marking a -1.94% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.13%.
Coming into today, shares of the discount retailer had gained 1.98% in the past month. In that same time, the Retail-Wholesale sector gained 11.17%, while the S&P 500 gained 11.41%.
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 $1.65, marking a 12.24% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.53 billion, up 10.96% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.32 per share and revenue of $24.19 billion, which would represent changes of +10.74% and +6.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ross Stores. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Ross Stores presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Ross Stores is at present trading with a Forward P/E ratio of 31.28. This valuation marks a premium compared to its industry average Forward P/E of 28.11.
We can additionally observe that ROST currently boasts a PEG ratio of 3.12. 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. ROST's industry had an average PEG ratio of 3.12 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 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.
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) Declines More Than Market: Some Information for Investors
Ross Stores (ROST - Free Report) closed at $224.48 in the latest trading session, marking a -1.94% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.13%.
Coming into today, shares of the discount retailer had gained 1.98% in the past month. In that same time, the Retail-Wholesale sector gained 11.17%, while the S&P 500 gained 11.41%.
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 $1.65, marking a 12.24% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.53 billion, up 10.96% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.32 per share and revenue of $24.19 billion, which would represent changes of +10.74% and +6.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ross Stores. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Ross Stores presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Ross Stores is at present trading with a Forward P/E ratio of 31.28. This valuation marks a premium compared to its industry average Forward P/E of 28.11.
We can additionally observe that ROST currently boasts a PEG ratio of 3.12. 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. ROST's industry had an average PEG ratio of 3.12 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.