Ross Stores's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Ross Stores (NASDAQ:ROST) is scheduled to release its quarterly earnings report on Thursday, 2023-11-16, with analysts expecting an EPS of $1.21. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Ross Stores has seen significant stock price movements following earnings reports, with a 5.01% increase after beating EPS last quarter. Shares are currently trading at $124.8, up 26.42% over the last 52 weeks, indicating a positive trend for long-term shareholders.
November 15, 2023 | 4:00 pm
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Ross Stores is anticipated to report an EPS of $1.21 in its upcoming earnings, with investors looking for a beat and positive future guidance. The stock has historically reacted to earnings results and guidance, with a 5.01% increase after last quarter's beat.
Given the historical performance where ROST's stock price increased following an earnings beat, and considering the positive trend over the last 52 weeks, there is a likelihood of a short-term positive impact if the company beats the EPS estimate and provides favorable guidance. However, the market's reaction can be unpredictable and may also hinge on the broader market sentiment and other unforeseen factors.
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