Ross Stores (Nasdaq: ROST) reported earnings on March 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Ross Stores met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew significantly.

Margins grew across the board.

Revenue details
Ross Stores chalked up revenue of $2.76 billion. The 20 analysts polled by S&P Capital IQ predicted revenue of $2.74 billion on the same basis. 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.

EPS details
EPS came in at $1.07. The 28 earnings estimates compiled by S&P Capital IQ predicted $1.07 per share. 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.

Margin details
For the 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. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.53 billion. On the bottom line, the average EPS estimate is $1.04.

Next year's average estimate for revenue is $10.29 billion. The average EPS estimate is $3.87.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 388 members out of 423 rating the stock outperform, and 35 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 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.

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