Ross Stores (ROST) recently outperformed the S&P 500, gaining 1.11% on the day and 6.02% over the past month, significantly outpacing its sector. Analysts anticipate mixed results for its upcoming earnings, projecting a 6.76% year-over-year decline in Q1 EPS to $1.38, despite an expected 6.24% revenue increase to $5.39 billion. The company currently holds a Zacks Rank #3 (Hold) and trades at a premium valuation, with a Forward P/E of 25.1 and a PEG ratio of 2.98, both above its industry averages.
Ross Stores (ROST) has demonstrated notable market outperformance, with its stock gaining 1.11% in the latest session and a significant 6.02% over the past month, contrasting sharply with the Retail-Wholesale sector's 3.61% loss. This relative strength suggests investor confidence, despite broader industry challenges. The company's current valuation, however, reflects a premium, trading at a Forward P/E of 25.1 and a PEG ratio of 2.98, both above its industry averages of 23.36 and 2.59, respectively. Upcoming earnings present a mixed outlook, with analysts forecasting a 6.76% year-over-year decline in Q1 EPS to $1.38, while revenue is projected to increase by 6.24% to $5.39 billion. For the full year, EPS is expected to decrease by 2.06% to $6.19, alongside a 4.71% revenue growth to $22.12 billion, indicating potential margin compression. The Zacks Consensus EPS estimate has seen a slight 0.04% downward revision over the last 30 days, contributing to ROST's current Zacks Rank #3 (Hold). Despite this, the broader Retail - Discount Stores industry maintains a strong Zacks Industry Rank of 26, placing it in the top 11% of all industries, which historically outperforms the bottom half.
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