Ross Stores Inc reports results for the quarter ended April 30 - Earnings Summary

• Ross Stores Inc ROST.OQ reported quarterly adjusted earnings of $1.47​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of eighteen analysts for the quarter was for earnings of $1.44 per share. Wall Street expected results to range from $1.36 to $1.51 per share.

• Revenue rose 2.6% to $4.98 billion from a year ago; analysts expected $4.97 billion.

• Ross Stores Inc's reported EPS for the quarter was $1.47​.

• The company reported quarterly net income of $479.25 million.

• Ross Stores Inc shares had risen by 19.5% this quarter and gained 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is also "buy"

• Wall Street's median 12-month price target for Ross Stores Inc is $156.50

This summary was machine generated from LSEG data May 22 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)