Ross Stores (ROST) Earnings Expected to Grow: What to Know Ahead of Q2 Release

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]