Ross Stores (ROST) Stock Falls Amid Market Uptick: What Investors Need to Know

Group 1 - Ross Stores closed at $141.27, reflecting a -0.61% change from the previous day, underperforming the S&P 500's gain of 0.03% [1] - Over the past month, shares of Ross Stores have decreased by 5.97%, while the Retail-Wholesale sector gained 9.07% and the S&P 500 gained 4.19% [1] - The upcoming earnings report is projected to show earnings of$ 1.65 per share, a year-over-year decline of 9.34%, with quarterly revenue expected at $5.92 billion, down 1.77% from the previous year [2] Group 2 - Recent modifications to analyst estimates for Ross Stores are important, as they reflect short-term business trends and analyst optimism [3] - Positive estimate revisions correlate with stock price performance, and investors can utilize the Zacks Rank for actionable insights [4] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988; currently, Ross Stores has a Zacks Rank of 2 (Buy) [5] Group 3 - Ross Stores has a Forward P/E ratio of 21.28, which is a premium compared to its industry's Forward P/E of 19.61; the PEG ratio is 2.17, slightly above the industry average of 2.12 [6] - The Retail - Discount Stores industry is part of the Retail-Wholesale sector, holding a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7]