/Ross%20Stores%2C%20Inc_%20logo%20by-%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
Dublin, California-based Ross Stores, Inc. (ROST) operates home fashion and off-price retail apparel stores. Valued at $47.3 billion by market cap, the company offers apparel, accessories, footwear, and home fashion items through its outlets and website. ROST is expected to announce its Q2 earnings on Thursday, Aug. 15.
Ahead of the event, analysts expect Ross Stores to report a profit of $1.49 per share, up 12.9% from $1.32 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS projections over the past four quarters. ROST reported an EPS of $1.46, exceeding the consensus estimates by around 9%.
Analysts expect Ross Stores to report an EPS of $5.97 in fiscal 2025, up 7.4% from $5.56 in fiscal 2024. Looking forward to fiscal 2026, its EPS is expected to grow 9.2% year over year to $6.52.
ROST stock is up 2.5% on a YTD basis, underperforming the S&P 500 Index’s ($SPX) 14.5% gains and the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 3.8% returns over the same time frame.
Ross Stores stock soared 7.8% following its Q1 earnings release on May 23, primarily because the company reported better-than-expected gross margin, EPS, and revenue.
Over the years, Ross Stores has consistently paid quarterly dividends and repurchased shares worth $262.5 million during the previous quarter.
The consensus opinion on Ross Stores stock is bullish, with an overall “Strong Buy” rating. Among 21 analysts covering the stock, 18 recommend a “Strong Buy,” and three suggest a “Hold.” The average target price for Ross Stores stock is $163.58, indicating a potential upside of 15.3% from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
