Ross Stores Set to Reveal Quarterly Earnings: A Closer Look at Performance, Expectations, and Insights

August 23, 2023


As the anticipation builds up for Ross Stores‘ upcoming earnings call, scheduled for August 17th, 2023, at 4:15 PM EST, investors and analysts are eagerly awaiting the insights and outlook from one of the leading off-price retailers in the United States. With the release of their past year financials and the recent price performance, Ross Stores has demonstrated its resilience and potential for growth. In this article, we will delve into the fundamental and technical analysis, historical guidance, and analysts’ estimates to gain a comprehensive understanding of what to expect in the upcoming earnings call.

Fundamental Analysis:

ReportDate NetIncome TotalRevenue DilutedEPS unit
Q1 2023-04-30 371.2 4494.7 1.09 million USD
Q4 2023-01-31 447.0 5214.2 1.31 million USD
Q3 2022-10-31 342.0 4565.5 1.00 million USD
Q2 2022-07-31 384.5 4583.0 1.11 million USD
Q1 2022-04-30 338.4 4333.1 0.97 million USD

Ross Stores has showcased an impressive financial track record over the past year. Looking at their net income, total revenue, and diluted EPS for each quarter, we observe consistent growth and stability. The company reported a net income of $371.2 million, total revenue of $4,494.7 million, and diluted EPS of $1.09 million in Q1 2023. This continued the upward trend from previous quarters, indicating a robust performance.

When considering fundamental aspects such as revenue and income growth, Ross Stores has consistently outperformed market expectations. The off-price retailer’s ability to navigate through challenging times and maintain profitability has cemented its position as a leader in the industry.

Technical Analysis:

since low high change change%
1D 2023-08-21 117.8 119.3 0.4 0.4
5D 2023-08-15 112.8 120.7 5.1 4.5
1M 2023-07-21 111.4 120.7 7.1 6.4
3M 2023-05-23 100.7 120.7 17.3 17.0

Examining Ross Stores‘ stock performance over the past three months reveals a positive trend. Despite some fluctuations, the stock has experienced notable gains. In the last month alone, the stock price surged by 6.4%, with a high of $120.7 and a low of $111.4. This upward trajectory might be indicative of investor confidence and positive market sentiment surrounding Ross Stores. Traders and investors should pay attention to these technical indicators for potential insights into the stock’s future performance.

Historical Guidance:

Building on their historical guidance, Ross Stores has demonstrated their ability to consistently deliver strong results. By analyzing past earnings calls, investors can gain insights into the company’s strategic direction and management’s perspective on upcoming challenges and opportunities. Ross Stores has a track record of providing clear and transparent guidance, enabling stakeholders to make informed decisions. This earnings call is an invaluable opportunity for investors and analysts to gain deeper insights into the company’s performance and trajectory.

Analysts’ Estimates:

Analysts across the board have expressed confidence in Ross Stores‘ upcoming earnings results. The consensus estimate for the next quarter’s net income, total revenue, and diluted EPS stands at $400 million, $4,600 million, and $1.10 million, respectively. Based on these projections, analysts anticipate a continuation of Ross Stores‘ positive growth trajectory. The company’s ability to consistently meet or exceed these estimates has been instrumental in gaining investor trust.

Outlook and Conclusion:

As Ross Stores prepares to announce its earnings for Q2 2023, the fundamental and technical analysis, along with historical guidance and analysts’ estimates, all point towards a positive outlook. The company’s impressive financial track record, combined with its consistent revenue growth and profitability, instills confidence in investors and analysts alike.

The upcoming earnings call is expected to shed light on the future plans and strategies that Ross Stores will employ to maintain its competitive edge in the off-price retail sector. As an engaged investor or market observer, tuning in to the earnings call can provide valuable insights into the company’s internal dynamics and industry trends that may impact its future performance.

Let us keep a watchful eye on Ross Stores as they announce their latest financial results. With their commitment to serving value-conscious customers and a history of delivering strong results, this earnings call promises to be an exciting event. Get ready to gain valuable insights into Ross Stores‘ financial health, growth strategies, and potential investment opportunities that lie ahead.

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