Will Ross Stores (ROST) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Ross Stores is well-positioned to continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates consistently in recent quarters [1] Group 1: Earnings Performance - Ross Stores has recorded an average earnings surprise of 10.92% over the last two quarters, with earnings of $1.33 per share reported against an estimate of $1.22 per share, resulting in a surprise of 9.02% for the last quarter [1] - In the previous quarter, the company reported earnings of $1.32 per share, exceeding the expected $1.17 per share, which delivered a surprise of 12.82% [1] Group 2: Earnings Estimates - There has been a favorable change in earnings estimates for Ross Stores, with a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time [2] Group 3: Earnings ESP Analysis - Ross Stores currently has an Earnings ESP of +0.62%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [3] - The positive Earnings ESP, combined with a Zacks Rank of 3, indicates a potential for another earnings beat [3] Group 4: Importance of Earnings ESP - It is crucial to check a company's Earnings ESP ahead of its quarterly release to enhance the chances of success in predicting earnings performance [4]