Ross Stores (ROST) Increases Despite Market Slip: Here's What You Need to Know

Core Insights - Ross Stores (ROST) closed at $141.47, with a daily increase of 0.7%, outperforming the S&P 500's decline of 0.64% [1] - Over the past month, Ross Stores' shares have risen by 7.81%, significantly exceeding the Retail-Wholesale sector's gain of 0.16% and the S&P 500's gain of 0.38% [1] Earnings Performance - Ross Stores is expected to report earnings of $1.42 per share, reflecting a year-over-year decline of 2.74% [2] - The consensus estimate anticipates revenue of $4.95 billion, indicating a 1.97% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $6.41 per share and revenue at $21.9 billion, showing increases of 1.42% and 3.64% respectively from the previous year [3] - Recent analyst estimate revisions suggest a favorable outlook on the company's business health and profitability [3] Valuation Metrics - Ross Stores has a Forward P/E ratio of 21.93, which aligns with the industry's average [6] - The PEG ratio for Ross Stores is currently 2.73, compared to the industry average of 2.65 [6] Industry Ranking - The Retail-Discount Stores industry is ranked 94 in the Zacks Industry Rank, placing it in the top 39% of over 250 industries [7] - The top 50% rated industries are shown to outperform the bottom half by a factor of 2 to 1 [7]