Shares of Ross Stores (ROST) were up Friday morning as the discount retailer's earnings came in better than expected.
Shares of Gap Inc (NYSE:GAP) and Ross Stores Inc (NASDAQ:ROST) are both making outsized moves, after the retail companies posted their quarterly results.
Ross Stores, Inc. (NASDAQ:ROST ) Q3 2024 Earnings Conference Call November 21, 2024 4:15 PM ET Company Participants Barbara Rentler - Chief Executive Officer Adam Orvos - Executive Vice President and Chief Financial Officer Michael Hartshorn - President and Chief Operating Officer Conference Call Participants Matthew Boss - JPMorgan Chase & Co. Mark Altschwager - Robert W. Baird & Co. Paul Lejuez - Citigroup Inc. Lorraine Hutchinson - Bank of America Merrill Lynch Chuck Grom - Gordon Haskett Simeon Siegel - BMO Capital Markets Adrienne Yih - Barclays Capital Brooke Roach - Goldman Sachs Group, Inc. Alexandra Straton - Morgan Stanley Michael Binetti - Evercore ISI Dana Telsey - Telsey Advisory Group Irwin Boruchow - Wells Fargo Securities Jay Sole - UBS Marni Shapiro - The Retail Tracker Aneesha Sherman - Sanford C.
Although the revenue and EPS for Ross Stores (ROST) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ross Stores (ROST) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.33 per share a year ago.
Off-price retailer Ross Stores raised its annual profit forecast on Thursday, as lower freight and supply-chain costs helped soften the impact of slowing sales at its stores, sending its shares up 7% after the bell.
Ross Stores Inc. shares rose more than 5% in the extended session Thursday after the discount retailer beat profit expectations even as it said business has slowed from earlier in the year.
Ross Stores, Inc. ROST will release earnings results for its third quarter, after the closing bell on Thursday, Nov. 21.
Continued challenges from persistent inflation have been hurting retail customers with low-to-moderate incomes. This should have weighed on ROST's Q3 top line.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ross Stores (ROST), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
Ross Stores (ROST) closed at $142.33 in the latest trading session, marking a +1.33% move from the prior day.
Ross Stores (ROST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.