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Q4 Earnings Outlook For Ross Stores

Ross Stores (NASDAQ: ROST) unveils its next round of earnings this Tuesday, March 3. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Benzinga · 03/03/2020 12:37

Ross Stores (NASDAQ: ROST) unveils its next round of earnings this Tuesday, March 3. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Ross Stores EPS will likely be near $1.25 while revenue will be around $4.36 billion, according to analysts.

In the same quarter last year, Ross Stores reported earnings per share of $1.13 on sales of $4.11 billion. Revenue would be have grown 6.16% from the same quarter last year. Ross Stores's reported EPS has stacked up against analyst estimates in the past like this:

 

QuarterQ3 2019Q2 2019Q1 2019Q4 2018
EPS Estimate0.9701.1201.1201.13
EPS Actual1.0301.1401.1501.13

Stock Performance

For a full 12 months, the return has risen by 14.71%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. Analysts seem to have settled on a Neutral rating with Ross Stores. The strength of this rating has maintained conviction over the past three months.