Optimism surrounds Ross Stores, as it gets ready to report its first quarter results on Thursday, May 21, 2015. Analysts are expecting the company to book a profit of $1.28 a share, up from $1.15 a year ago.
For the fiscal year, analysts are expecting earnings of $4.83 per share. Revenue is projected to be $2.89 billion for the quarter, 8% above the year-earlier total of $2.68 billion. For the year, revenue is expected to come in at $11.80 billion.
Over the last four quarters, the company's income rose by an average of 8% year-over-year. The largest growth was in the second quarter, when income climbed 12% year-over-year.
Revenue has climbed for three consecutive quarters. The 13% revenue increase brought the figure up to $3.03 billion in the most recent quarter. Looking back further, revenue increased 8% in the third quarter from the year earlier and 7% in the second quarter.
Ross Stores operates two chains of off-price retail apparel and home accessories stores in the United States and Guam. Other companies in the retail (apparel) industry with upcoming earnings release dates include: Stage Stores, Citi Trends and American Eagle.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
