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Ross Stores Third Quarter Earnings Preview
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ROST
Ross Stores (Nasdaq:ROST) will release its third quarter results on Thursday, November 15, 2012. Analysts are expecting the company to report a profit of 72 cents a share, up from 63 cents a year ago.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: Analysts are expecting Ross to report earnings of 72 cents per share, up 14.3% from a year ago, when the company reported earnings of 63 cents per share.
Despite rising from 70 cents over the past three months, the consensus estimate hasn't changed in the last 30 days. Analysts are expecting earnings of $3.50 per share for the fiscal year.
Revenue is expected to exceed last year's figure of $2.05 billion by 11.9% and come in at $2.29 billion for the quarter. Revenue of $9.51 billion is expected for the fiscal year.
Company Performance: ROST has a P/E ratio of 17.2. There are generally two price/earnings ratios calculated: the first, called the trailing Price/Earnings ratio, is calculated using the previous years actual earnings; the second, called forward Price/Earnings ratio, is calculated using the next year's estimated earnings. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Profit With The Power Of Price-To-Earnings
The stock price has fallen 18.2% since August 14, 2012, from $67.54 to $55.22. Ross' stock price is on a downward streak. The share price has fallen $2.61 since November 5, 2012.
The Competition: Ross Stores operates two chains of off-price retail apparel and home accessories stores in the United States and Guam. The company's closest competitor in the retail (apparel) industry, Gap (GPS), will report earnings on November 15, 2012. Analysts are expecting earnings of 63 cents per share for Gap, up 65.8% from last year's earnings of 38 cents per share. Analysts are less optimistic about Ross than about Gap. Ten out of 23 analysts rate the latter a buy compared to 10 of 21 for the former.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: Analysts are expecting Ross to report earnings of 72 cents per share, up 14.3% from a year ago, when the company reported earnings of 63 cents per share.
Despite rising from 70 cents over the past three months, the consensus estimate hasn't changed in the last 30 days. Analysts are expecting earnings of $3.50 per share for the fiscal year.
Revenue is expected to exceed last year's figure of $2.05 billion by 11.9% and come in at $2.29 billion for the quarter. Revenue of $9.51 billion is expected for the fiscal year.
The stock price has fallen 18.2% since August 14, 2012, from $67.54 to $55.22. Ross' stock price is on a downward streak. The share price has fallen $2.61 since November 5, 2012.
The Competition: Ross Stores operates two chains of off-price retail apparel and home accessories stores in the United States and Guam. The company's closest competitor in the retail (apparel) industry, Gap (GPS), will report earnings on November 15, 2012. Analysts are expecting earnings of 63 cents per share for Gap, up 65.8% from last year's earnings of 38 cents per share. Analysts are less optimistic about Ross than about Gap. Ten out of 23 analysts rate the latter a buy compared to 10 of 21 for the former.
by
Investopedia Staff
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