Ross Stores (Nasdaq: ROST) is expected to report Q4 earnings on March 21. 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 14.7% and EPS will grow 25.9%.

The average estimate for revenue is $2.75 billion. On the bottom line, the average EPS estimate is $1.07.

Revenue details
Last quarter, Ross Stores reported revenue of $2.26 billion. GAAP reported sales were 11% higher than the prior-year quarter's $2.05 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.72. GAAP EPS of $0.72 for Q3 were 14% higher than the prior-year quarter's $0.63 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 27.1%, 10 basis points worse than the prior-year quarter. Operating margin was 11.3%, 40 basis points better than the prior-year quarter. Net margin was 7.1%, 10 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $9.70 billion. The average EPS estimate is $3.55.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 385 members out of 420 rating the stock outperform, and 35 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 $72.45.

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