Ross Stores (Nasdaq: ROST ) is expected to report Q1 earnings on May 23. 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 grow 7.1% and EPS will grow 14.0%.
The average estimate for revenue is $2.52 billion. On the bottom line, the average EPS estimate is $1.06.
Last quarter, Ross Stores reported revenue of $2.76 billion. GAAP reported sales were 15% higher than the prior-year quarter's $2.40 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 $1.07. GAAP EPS of $1.07 for Q4 were 26% higher than the prior-year quarter's $0.85 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%, 60 basis points better than the prior-year quarter. Operating margin was 13.7%, 70 basis points better than the prior-year quarter. Net margin was 8.6%, 60 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $10.31 billion. The average EPS estimate is $3.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 392 members out of 426 rating the stock outperform, and 34 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give Ross Stores a green thumbs-up, and three 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 $67.17.
Is Ross Stores the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Ross Stores to My Watchlist.