Ross Stores First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ross Stores, Inc. (NASDAQ:ROST) will unveil its latest earnings on Thursday, May 17, 2012. Ross Stores operates two chains of off-price retail apparel and home accessories stores in the United States and Guam.

Ross Stores, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 93 cents per share, a rise of 25.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 87 cents. Between one and three months ago, the average estimate moved up. It has risen from 92 cents during the last month. Analysts are projecting profit to rise by 17.8% versus last year to $3.37.

Past Earnings Performance: Last quarter, the company reported net income of 85 cents per share to fall in step with the mean estimate. This is the fourth straight quarter of meeting expectations.

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Wall St. Revenue Expectations: Analysts predict a rise of 13% in revenue from the year-earlier quarter to $2.34 billion.

Analyst Ratings: Analysts seem relatively indifferent about Ross Stores with 11 of 21 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 18.6% to $192 million (85 cents a share) from $161.8 million (69 cents a share) the year earlier, meeting analyst expectations. Revenue rose 11.8% to $2.4 billion from $2.15 billion.

Key Stats:

For three consecutive quarters, the comapny has seen net income rise. Net income rose 18.6% in the third quarter of the last fiscal year and 14.7% in the second quarter of the last fiscal year.

Revenue has increased in each of the past four quarters. Revenue rose 9.2% in the third quarter of the last fiscal year from the year earlier, climbed 9.3% in the second quarter of the last fiscal year from the year-ago quarter and 7.2% in the first quarter of the last fiscal year.

Stock Price Performance: Between February 15, 2012 and May 11, 2012, the stock price rose $10.36 (20.2%), from $51.23 to $61.59. The stock price saw one of its best stretches over the last year between April 10, 2012 and April 18, 2012, when shares rose for seven straight days, increasing 5.5% (+$3.15) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight days, dropping 5% (-$2.01) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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