Retail Roundup: Walmart, Target, Home Depot Beat, Will Ross Stores Follow Down The Aisle?
Portfolio Pulse from Melanie Schaffer
Retail stocks in the consumer discretionary sector reported better-than-expected earnings this week, with Home Depot, Target, and Walmart beating estimates. Ross Stores is set to report its Q1 earnings after the bell on Thursday.
May 18, 2023 | 6:20 pm
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Ross Stores is set to report Q1 earnings after the bell on Thursday, with analysts expecting earnings of $1.06 per share on revenues of $4.5 billion.
As Ross Stores has not yet reported its earnings, it is difficult to predict the short-term impact on its stock price. However, the positive results from other retailers may indicate a favorable environment for Ross Stores.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Home Depot reported Q1 earnings of $3.82 per share, beating estimates, but missed on sales with $37.257 billion.
Home Depot's better-than-expected earnings show strength in the retail sector, which could lead to a positive short-term impact on its stock price. However, the missed sales target may temper gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Target reported Q1 sales of $25.322 billion and earnings of $2.05 per share, both beating analyst estimates.
Target's better-than-expected sales and earnings results indicate strength in the retail sector, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Walmart reported Q1 earnings of $1.47 per share and sales of $152.301 billion, both beating analyst estimates.
Walmart's better-than-expected earnings and sales results indicate strength in the retail sector, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100