Ross Stores Earnings Preview: Get Ahead of the Analysts

Ross Stores (NASDAQ:ROST) will report earnings before markets open on Thursday, May 23rd. Ross Stores, Inc. operates a national chain of off-price retail apparel stores. The stores offer brand-name apparel, apparel-related merchandise for the entire family, fragrances, gift items, and linens for the home.

Here is your Cheat Sheet to Ross Stores Earnings:

Earnings Expectations: Analysts expect earnings of $1.07 per share on revenues of $2.52 billion. Currently, the company’s P/E ratio stands at 18.58.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.92 to a profit $0.91. For the current year, the average estimate is a profit of $3.88, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Ross Stores has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 6,486 7,184 7,866 8,608 9,721
Diluted EPS ($) 1.16 1.77 2.32 2.86 3.53

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 2,356.84 2,340.85 2,262.72 2,760.65
Diluted EPS ($) 0.93 0.81 0.72 1.07

Past Performance:
Ross Stores has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]