Ross Stores Inc reports results for the quarter ended July 31 - Earnings Summary

• Ross Stores Inc ROST.OQ reported quarterly adjusted earnings of $1.56​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of $1.59. The mean expectation of sixteen analysts for the quarter was for earnings of $1.54 per share. Wall Street expected results to range from $1.49 to $1.58 per share.

• Revenue rose 4.6% to $5.53 billion from a year ago; analysts expected $5.57 billion.

• Ross Stores Inc's reported EPS for the quarter was $1.56​.

• The company reported quarterly net income of $508 million.

• Ross Stores Inc shares had risen by 14.7% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 $156.00, about 6.2% above its last closing price of $146.35

This summary was machine generated from LSEG data August 21 at 09:00 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)