Ross Stores, Inc. (ROST) is likely to post year-over-year bottom-line growth when it reports second-quarter fiscal 2024 earnings on Aug 22, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.49 per share, up from $1.32 in the year-earlier period. The consensus mark has remained unchanged in the past 30 days.The consensus estimate for quarterly revenues is pegged at $5.3 billion, indicating a rise of 6.3% from the year-ago quarter’s figure.ROST has a trailing four-quarter earnings ...

The latest trading session saw Ross Stores (ROST) ending at $141.65, denoting a +0.7% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.69%. Meanwhile, the Dow gained 1.04%, and the Nasdaq, a tech-heavy index, added 2.43%.The discount retailer's stock has dropped by 5% in the past month, exceeding the Retail-Wholesale sector's loss of 6.24% and lagging the S&P 500's loss of 4.78%.The investment community will be closely monitoring the performance of Ross ...

Investors interested in stocks from the Retail - Discount Stores sector have probably already heard of Ross Stores (ROST) and Costco (COST) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores h ...

Core Viewpoint - The market anticipates Ross Stores (ROST) to report a year-over-year increase in earnings driven by higher revenues for the quarter ended July 2024, with actual results being crucial for stock price movement [1] Earnings Expectations - Ross Stores is expected to post quarterly earnings of $1.49 per share, reflecting a year-over-year change of +12.9% [2] - Revenues are projected to reach $5.24 billion, representing a 6.2% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.11% higher in the last 30 days, indicating a positive reassessment by analysts [3] - The Most Accurate Estimate for Ross Stores is higher than the Zacks Consensus Estimate, suggesting a bullish outlook from analysts [6] Earnings Surprise Prediction - The Zacks Earnings ESP for Ross Stores stands at +4.71%, indicating a likelihood of beating the consensus EPS estimate [7] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5] Historical Performance - In the last reported quarter, Ross Stores exceeded the expected earnings of $1.34 per share by delivering $1.46, resulting in a surprise of +8.96% [8] - The company has beaten consensus EPS estimates in all of the last four quarters [8] Conclusion - Ross Stores is positioned as a compelling candidate for an earnings beat, although other factors should also be considered before making investment decisions [9]

The most recent trading session ended with Ross Stores (ROST) standing at $136.98, reflecting a +0.68% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 1.04%. Elsewhere, the Dow saw an upswing of 0.76%, while the tech-heavy Nasdaq appreciated by 1.03%.Prior to today's trading, shares of the discount retailer had lost 7.25% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 8.36% and lagged the S&P 500's loss of 6.74% in that time ...

The most recent trading session ended with Ross Stores (ROST) standing at $142.88, reflecting a +0.68% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.5% for the day. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%.Shares of the discount retailer witnessed a loss of 2.29% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 1.37% and the S&P 500's gain of 0.1%.The investment commu ...

Investors interested in stocks from the Retail - Discount Stores sector have probably already heard of Ross Stores (ROST) and Costco (COST) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive est ...

Ross Stores (ROST) closed the latest trading day at $143.78, indicating a -0.79% change from the previous session's end. This change lagged the S&P 500's 0.16% loss on the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.06%.Shares of the discount retailer witnessed a loss of 2.9% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 1.16% and the S&P 500's gain of 1.96%.Market participants will be closely following the financial results ...

Core Insights - Ross Stores, Inc. is focused on expanding its market presence through an aggressive store growth strategy, having opened 24 new stores in June and July across 17 states [1][2] - The company aims to open approximately 90 new stores in fiscal 2024, targeting a total of 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations in the long term, representing a 20% increase in growth targets [3] Group 1: Store Expansion Strategy - The recent store openings reflect Ross Stores' commitment to expanding its footprint in both established and new markets, strategically selecting locations based on consumer demand [2] - The expansion includes a significant push into newer markets such as Michigan, Minnesota, and New York, while also strengthening its presence in key regions like California, Florida, and Texas [2][4] - Following the latest openings, Ross Stores operates a total of 2,148 locations, including 1,795 Ross Dress for Less stores and 353 dd's DISCOUNTS stores [2] Group 2: Business Model and Market Position - Ross Stores operates off-price retail stores that cater to value-conscious consumers aged 25 to 54 from middle-to-upper middle-class households, making its stores attractive in various economic scenarios [4] - The company's off-price model enhances product allocation and margins through strong value propositions and micromerchandising, reflecting robust consumer demand for value products [4] - The strategic expansion into diverse regions aims to enhance the company's presence in the off-price retail sector, addressing the growing consumer demand for affordable, high-quality products [4]

Ross Stores, Inc. (ROST) seems well-poised for growth, thanks to its robust strategic efforts. The company has been gaining from positive customer response for its merchandise across both banners, which has been boosting the comparable-store sales (comps) performance for a while now. Its store expansion plans also bode well. In first-quarter fiscal 2024, comps improved 3%, mostly attributed to higher customer traffic and a favorable reaction from shoppers toward the enhanced assortments across its stores. T ...