Earnings Report: Here’s what to expect from Ross Stores Stock Forecast, Price & News (NASDAQ:ROST)

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Earnings results for Ross Stores Stock Forecast, Price & News (NASDAQ:ROST)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at -0.27 and decreased over the past month from -0.26 to -0.27(3.85%). Of the 4 analysts making quarterly forecasts, 1raised and 1 lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has decreased over the past week from 1.63 to 1.61(-0.27) and decreased over the past month from 1.68 to 1.63(2.98%). Of the 5 analysts making yearly forecasts, 2raised and 3 lowered their forecast.

Ross Stores last announced its quarterly earnings data on May 21st, 2020. The apparel retailer reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.86. The business earned $1.84 billion during the quarter, compared to analyst estimates of $2.04 billion. Its revenue was down 51.4% compared to the same quarter last year. Ross Stores has generated $4.58 earnings per share over the last year and currently has a price-to-earnings ratio of 36.6. Ross Stores has confirmed that its next quarterly earnings report will be published on Thursday, August 20th, 2020.

Analyst Opinion on Ross Stores Stock Forecast, Price & News (NASDAQ:ROST)

26 Wall Street analysts have issued ratings and price targets for Ross Stores in the last 12 months. Their average twelve-month price target is $109.27, predicting that the stock has a possible upside of 15.87%. The high price target for ROST is $145.00 and the low price target for ROST is $80.00. There are currently 1 sell rating, 6 hold ratings and 19 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Ross Stores has received a consensus rating of Buy. The company’s average rating score is 2.69, and is based on 19 buy ratings, 6 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $109.27, Ross Stores has a forecasted upside of 15.9% from its current price of $94.30. Ross Stores has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Ross Stores Stock Forecast, Price & News (NASDAQ:ROST)

Ross Stores does not currently pay a dividend. Ross Stores does not have a long track record of dividend growth.

Insiders buying/selling: Ross Stores Stock Forecast, Price & News (NASDAQ:ROST)

In the past three months, Ross Stores insiders have not sold or bought any company stock. Only 2.00% of the stock of Ross Stores is held by insiders. 84.83% of the stock of Ross Stores is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Ross Stores Stock Forecast, Price & News (NASDAQ:ROST

Earnings for Ross Stores are expected to grow by 175.16% in the coming year, from $1.57 to $4.32 per share. The P/E ratio of Ross Stores is 36.55, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.39. The P/E ratio of Ross Stores is 36.55, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.31. Ross Stores has a PEG Ratio of 6.18. PEG Ratios above 1 indicate that a company could be overvalued. Ross Stores has a P/B Ratio of 10.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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