Ross Stores Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Ross Stores, Inc. (NASDAQ:ROST) is set to announce its Q4 earnings on March 5, 2024, with expectations of earnings at $1.65 per share, up from $1.31 per share year-over-year, and revenue projected at $5.81 billion, up from $5.21 billion. Karen Fleming was named President and Chief Merchandising Officer of dd's DISCOUNTS, a subsidiary, effective April 1, 2024. The stock closed up 0.2% at $149.96. Analysts from UBS, Wells Fargo, BMO Capital, Gordon Haskett, and TD Cowen have provided updates on their ratings and price targets for Ross Stores.
March 05, 2024 | 3:02 pm
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Ross Stores is expected to report increased earnings and revenue for Q4, with Karen Fleming appointed as President and Chief Merchandising Officer of dd's DISCOUNTS. Analysts have updated their ratings and price targets.
The expected increase in earnings and revenue for Q4 indicates a positive performance trend for Ross Stores, which could lead to a positive short-term impact on its stock price. The appointment of Karen Fleming could be seen as a strategic move to strengthen the company's leadership, potentially boosting investor confidence. The updates from analysts, including upgrades and raised price targets, further support the positive outlook for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100