Ross Stores Sees Q1 EPS $1.29-$1.35 vs $1.27 Est., FY24 EPS $5.64-$5.89 vs $5.40 Est.
Portfolio Pulse from Benzinga Newsdesk
Ross Stores projects its Q1 earnings per share (EPS) to be between $1.29 and $1.35, surpassing the estimated $1.27. For fiscal year 2024, the company forecasts EPS to be between $5.64 and $5.89, also exceeding the $5.40 estimate.
March 05, 2024 | 9:04 pm
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POSITIVE IMPACT
Ross Stores projects higher Q1 and FY24 EPS than estimated, indicating potential growth and financial strength.
Ross Stores' projection of higher-than-expected earnings for both Q1 and the full fiscal year 2024 suggests the company is performing well and may experience stock price appreciation in the short term. This positive outlook could attract investor interest and drive up the stock price as it beats market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100