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Ross Stores (ROST) Stock Declines While Market Improves: Some Information for Investors
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Ross Stores (ROST - Free Report) closed at $234.18 in the latest trading session, marking a -1.29% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.05%.
Shares of the discount retailer witnessed a gain of 2.03% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.75%, and outperforming the S&P 500's gain of 0.97%.
Market participants will be closely following the financial results of Ross Stores in its upcoming release. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.2 billion, up 10.68% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $8.77 per share and a revenue of $25.65 billion, demonstrating changes of +32.68% and +12.76%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 remained stagnant. Ross Stores currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Ross Stores currently has a Forward P/E ratio of 27.05. This expresses a premium compared to the average Forward P/E of 21.73 of its industry.
It is also worth noting that ROST currently has a PEG ratio of 1.85. 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. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 1.85.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 18, placing it within the top 8% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Ross Stores (ROST) Stock Declines While Market Improves: Some Information for Investors
Ross Stores (ROST - Free Report) closed at $234.18 in the latest trading session, marking a -1.29% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.05%.
Shares of the discount retailer witnessed a gain of 2.03% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.75%, and outperforming the S&P 500's gain of 0.97%.
Market participants will be closely following the financial results of Ross Stores in its upcoming release. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.2 billion, up 10.68% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $8.77 per share and a revenue of $25.65 billion, demonstrating changes of +32.68% and +12.76%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 remained stagnant. Ross Stores currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Ross Stores currently has a Forward P/E ratio of 27.05. This expresses a premium compared to the average Forward P/E of 21.73 of its industry.
It is also worth noting that ROST currently has a PEG ratio of 1.85. 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. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 1.85.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 18, placing it within the top 8% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.