Ross Stores Inc. Fourth Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Ross Stores, Inc. (NASDAQ:ROST) will unveil its latest earnings on Thursday, March 15, 2012. Ross Stores operates two chains of off-price retail apparel and home accessories stores in the United States and Guam.

Ross Stores, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 86 cents per share, a rise of 24.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 80 cents. Between one and three months ago, the average estimate moved up. It has risen from 85 cents during the last month. Analysts are projecting profit to rise by 24.1% compared to last year’s $2.88.

Past Earnings Performance: For the past four quarters, the company has met expectations. Last quarter, the company reported profit of 63 cents per share to fall in step with the mean estimate.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.2% in revenue from the year-earlier quarter to $2.39 billion.

Analyst Ratings: Analysts seem relatively indifferent about Ross Stores with 13 of 22 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 18.6% to $144 million (63 cents a share) from $121.4 million (51 cents a share) the year earlier, meeting analyst expectations. Revenue rose 9.2% to $2.05 billion from $1.87 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 14.7% in the second quarter and 21.5% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 9.3% in the second quarter from the year earlier, climbed 7.2% in the first quarter from the year-ago quarter and 8.4% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between December 12, 2011 and March 9, 2012, the stock price rose $9.36 (20.1%), from $46.62 to $55.98. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 11, 2011, when shares rose for seven straight days, increasing 11.2% (+$4.25) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight days, dropping 5% (-$2.01) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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