Ross Stores Inc. Third Quarter Earnings Cheat Sheet Sneak Peek

S&P 500 (NYSE:SPY) component Ross Stores, Inc. (NASDAQ:ROST) will unveil its latest earnings on Thursday, November 17, 2011. 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 estimate of analysts is for net income of $1.26 per share, a rise of 23.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.12. Between one and three months ago, the average estimate moved up. It has risen from $1.18 during the last month. Analysts are projecting profit to rise by 21% versus last year to $5.60.

Past Earnings Performance: Last quarter, the company reported profit of $1.28 per share to fall in step with the mean estimate. This is the fourth straight quarter of meeting expectations.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $2.03 billion in revenue this quarter, a rise of 8.6% from the year ago quarter. Analysts are forecasting total revenue of $8.53 billion for the year, a rise of 8.4% from last year’s revenue of $7.87 billion.

Analyst Ratings: Analysts seem relatively indifferent about Ross Stores with 13 of 21 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 14.7% to $148.3 million ($1.28 a share) from $129.3 million ($1.07 a share) the year earlier, meeting analyst expectations. Revenue rose 9.3% to $2.09 billion from $1.91 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 21.5% in the first quarter and 13.2% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 7.2% in the first quarter from the year earlier, climbed 8.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 7.5% in the third quarter of the last fiscal year.

Competitors to Watch: Citi Trends, Inc. (NASDAQ:CTRN), Syms Corp. (NASDAQ:SYMS), Stein Mart, Inc. (NASDAQ:SMRT), Stage Stores, Inc. (NYSE:SSI), Nordstrom, Inc. (NYSE:JWN), Abercrombie & Fitch Co. (NYSE:ANF), Urban Outfitters, Inc. (NASDAQ:URBN), American Eagle Outfitters (NYSE:AEO), The Gap Inc. (NYSE:GPS), and The Buckle, Inc. (NYSE:BKE).

Stock Price Performance: During August 18, 2011 to November 11, 2011, the stock price had risen $19.13 (27.1%) from $70.64 to $89.77. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 11, 2011 when shares rose for seven-straight days, rising 11.2% (+$8.54) 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, falling 5% (-$4.06) over that span. Shares are up $27.07 (+43.2%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.