Ross Stores (Nasdaq: ROST ) is expected to report Q2 earnings on Aug. 16. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ross Stores's revenues will improve 11.2% and EPS will increase 25.0%.
The average estimate for revenue is $2.32 billion. On the bottom line, the average EPS estimate is $0.80.
Last quarter, Ross Stores booked revenue of $2.36 billion. GAAP reported sales were 14% higher than the prior-year quarter's $2.07 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.93. GAAP EPS of $0.93 for Q1 were 26% higher than the prior-year quarter's $0.74 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 28.8%, 20 basis points better than the prior-year quarter. Operating margin was 14.4%, 70 basis points better than the prior-year quarter. Net margin was 8.9%, 60 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $9.67 billion. The average EPS estimate is $3.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 359 members out of 392 rating the stock outperform, and 33 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Ross Stores a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ross Stores is outperform, with an average price target of $59.85.
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