Analysts expect higher profit for Ross Stores when the company reports its third quarter results on Thursday, November 20, 2014. The consensus estimate is calling for profit of 87 cents a share, reflecting a rise from 80 cents per share a year ago.
The consensus estimate has risen from three months ago when it was 86 cents. It hasn't been adjusted since. For the fiscal year, analysts are projecting earnings of $4.27 per share. Revenue is projected to be $2.55 billion for the quarter, 6% above the year-earlier total of $2.40 billion. For the year, revenue is projected to come in at $10.88 billion.
Over the last four quarters, the company has seen its revenue grow by an average of 6% year-over-year. The 14% increase in the most recent quarter was the biggest rise.
Over the last four quarters, income has increased 11% on average year-over-year. In the most recent quarter, the company saw its greatest gain in income, when it increased 40% from the year-earlier quarter.
The majority of analysts (56%) rate Ross as a buy. This compares favorably to the analyst ratings of nine similar companies, which average 35% buys.
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, Stein Mart and Gap.
Earnings estimates provided by Zacks.
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