Ross Stores (Nasdaq: ROST ) is expected to report Q3 earnings on Nov. 15. 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 increase 10.7% and EPS will grow 14.3%.
The average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is $0.72.
Last quarter, Ross Stores reported revenue of $2.34 billion. GAAP reported sales were 12% higher than the prior-year quarter's $2.09 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 $0.81. GAAP EPS of $0.81 for Q2 were 27% higher than the prior-year quarter's $0.64 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 27.8%, 80 basis points better than the prior-year quarter. Operating margin was 12.8%, 110 basis points better than the prior-year quarter. Net margin was 7.8%, 70 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 $3.50.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 363 members out of 398 rating the stock outperform, and 35 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Ross Stores a green thumbs-up, and five 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 $69.45.
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