We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ross Stores (ROST) Stock Moves -0.85%: What You Should Know
Read MoreHide Full Article
Ross Stores (ROST - Free Report) closed the most recent trading day at $147.60, moving -0.85% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.39%. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq lost 2.77%.
Heading into today, shares of the discount retailer had gained 0.12% over the past month, lagging the Retail-Wholesale sector's gain of 3.78% and the S&P 500's gain of 4.43% in that time.
The investment community will be closely monitoring the performance of Ross Stores in its forthcoming earnings report. On that day, Ross Stores is projected to report earnings of $1.49 per share, which would represent year-over-year growth of 12.88%. Meanwhile, our latest consensus estimate is calling for revenue of $5.24 billion, up 6.1% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.97 per share and revenue of $21.2 billion. These totals would mark changes of +7.37% and +4.05%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Ross Stores possesses a Zacks Rank of #2 (Buy).
With respect to valuation, Ross Stores is currently being traded at a Forward P/E ratio of 24.94. This valuation marks a premium compared to its industry's average Forward P/E of 22.03.
It is also worth noting that ROST currently has a PEG ratio of 2.61. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 2.51.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ross Stores (ROST) Stock Moves -0.85%: What You Should Know
Ross Stores (ROST - Free Report) closed the most recent trading day at $147.60, moving -0.85% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.39%. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq lost 2.77%.
Heading into today, shares of the discount retailer had gained 0.12% over the past month, lagging the Retail-Wholesale sector's gain of 3.78% and the S&P 500's gain of 4.43% in that time.
The investment community will be closely monitoring the performance of Ross Stores in its forthcoming earnings report. On that day, Ross Stores is projected to report earnings of $1.49 per share, which would represent year-over-year growth of 12.88%. Meanwhile, our latest consensus estimate is calling for revenue of $5.24 billion, up 6.1% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.97 per share and revenue of $21.2 billion. These totals would mark changes of +7.37% and +4.05%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Ross Stores possesses a Zacks Rank of #2 (Buy).
With respect to valuation, Ross Stores is currently being traded at a Forward P/E ratio of 24.94. This valuation marks a premium compared to its industry's average Forward P/E of 22.03.
It is also worth noting that ROST currently has a PEG ratio of 2.61. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 2.51.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.