Core Insights - Ross Stores (ROST) stock closed at 1.65 per share, indicating a year-over-year decline of 9.34% [2] - The Zacks Consensus Estimate for revenue is $5.92 billion, which is a decrease of 1.77% compared to the previous year [2] Analyst Estimates and Stock Performance - Recent adjustments to analyst estimates for Ross Stores are being monitored, as they often reflect changes in near-term business trends [3] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Ross Stores currently holds a Zacks Rank of 2 (Buy) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has seen a slight increase of 0.04% [5] Valuation Metrics - Ross Stores has a Forward P/E ratio of 20.83, which is higher than the industry average of 19.02 [6] - The company has a PEG ratio of 2.13, compared to the Retail-Discount Stores industry's average PEG ratio of 2.08 [6] Industry Context - The Retail-Discount Stores industry is part of the Retail-Wholesale sector and currently holds a Zacks Industry Rank of 31, placing it in the top 13% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Ross Stores (ROST) Surpasses Market Returns: Some Facts Worth Knowing