We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ross Stores (ROST) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Ross Stores (ROST - Free Report) ended the recent trading session at $234.40, demonstrating a -1.13% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
The discount retailer's stock has climbed by 3.74% in the past month, exceeding the Retail-Wholesale sector's loss of 6.36% and the S&P 500's loss of 0.24%.
Analysts and investors alike will be keeping a close eye on the performance of Ross Stores in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.82, marking a 15.19% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.2 billion, up 10.68% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.77 per share and revenue of $25.65 billion, indicating changes of +32.68% and +12.77%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 0.92% rise in the Zacks Consensus EPS estimate. Ross Stores is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Ross Stores is presently being traded at a Forward P/E ratio of 27.03. This valuation marks a premium compared to its industry average Forward P/E of 22.36.
We can also see that ROST currently has a PEG ratio of 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Discount Stores industry currently had an average PEG ratio of 1.85 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 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
Image: Bigstock
Ross Stores (ROST) Dips More Than Broader Market: What You Should Know
Ross Stores (ROST - Free Report) ended the recent trading session at $234.40, demonstrating a -1.13% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
The discount retailer's stock has climbed by 3.74% in the past month, exceeding the Retail-Wholesale sector's loss of 6.36% and the S&P 500's loss of 0.24%.
Analysts and investors alike will be keeping a close eye on the performance of Ross Stores in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.82, marking a 15.19% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.2 billion, up 10.68% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.77 per share and revenue of $25.65 billion, indicating changes of +32.68% and +12.77%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 0.92% rise in the Zacks Consensus EPS estimate. Ross Stores is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Ross Stores is presently being traded at a Forward P/E ratio of 27.03. This valuation marks a premium compared to its industry average Forward P/E of 22.36.
We can also see that ROST currently has a PEG ratio of 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Discount Stores industry currently had an average PEG ratio of 1.85 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 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.