Ross Stores, Inc. (NASDAQ:ROST ) Q4 2024 Earnings Conference Call March 4, 2025 4:15 PM ET Company Participants Connie Kao - Group VP, IR Jim Conroy - CEO Adam Orvos - EVP and CFO Michael Hartshorn - President and COO Conference Call Participants Matthew Boss - JPMorgan Chase & Co. Paul Lejuez - Citigroup Inc. Mark Altschwager - Robert W. Baird & Co. Lorraine Hutchinson - Bank of America Merrill Lynch Michael Binetti - Evercore ISI Brooke Roach - Goldman Sachs Group, Inc. Chuck Grom - Gordon Haskett Alexandra Straton - Morgan Stanley Adrienne Yih - Barclays Capital Aneesha Sherman - Sanford C.
Ross Stores (ROST) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.82 per share a year ago.
Discount retailer Ross Stores forecast annual sales and profit below estimates on Tuesday, joining its larger peers in indicating a dip in consumer demand due to rising inflationary pressures.
Ross Stores (ROST -0.61%), known for its off-price retail model, released fourth-quarter earnings for the fiscal year ending Feb. 3, 2025, on March 4, 2025. EPS exceeded analyst expectations, reaching $1.79 compared to the forecasted $1.66, aided by a one-time sale.
Shares of Ross Stores Inc. fell after hours on Tuesday after the discount retailer forecast the possibility of weaker same-store sales this year, following slowing trends over recent weeks as harsh weather kept people indoors last month and worries about the economy persisted.
Ross Stores, Inc. ROST will release its fourth-quarter financial results, after the closing bell, on Tuesday, March 4.
ROST's Q4 results are likely to reflect benefits from store expansions and a strong micro-merchandising strategy, despite macroeconomic challenges.
Ross Stores (ROST) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ross Stores (ROST) concluded the recent trading session at $139.09, signifying a -0.46% move from its prior day's close.
In the latest trading session, Ross Stores (ROST) closed at $139.73, marking a +0.46% move from the previous day.
Ross Stores (ROST) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
The heavy selling pressure might have exhausted for Ross Stores (ROST) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.