Ross Stores Earnings Preview: Get Ahead of the Analysts
Ross Stores (NASDAQ:ROST) will report earnings before markets open on Thursday, May 23rd. Ross Stores, Inc. operates a national chain of off-price retail apparel stores. The stores offer brand-name apparel, apparel-related merchandise for the entire family, fragrances, gift items, and linens for the home.
Here is your Cheat Sheet to Ross Stores Earnings:
Earnings Expectations: Analysts expect earnings of $1.07 per share on revenues of $2.52 billion. Currently, the company’s P/E ratio stands at 18.58.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.92 to a profit $0.91. For the current year, the average estimate is a profit of $3.88, which is worse than the estimate ninety days ago.
Here’s how Ross Stores has been performing on an annual basis:
|Revenue ($) in millions||6,486||7,184||7,866||8,608||9,721|
|Diluted EPS ($)||1.16||1.77||2.32||2.86||3.53|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||2,356.84||2,340.85||2,262.72||2,760.65|
|Diluted EPS ($)||0.93||0.81||0.72||1.07|
Ross Stores has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)