Ross Stores (NASDAQ: ROST) has announced that it will be unveiling its second quarter financial results on Thursday 22nd August 2024. This eagerly anticipated announcement is scheduled to occur after market close, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.
As per the projections made by financial experts on Wall Street, the company is expected to announce an estimated $1.50 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $5.25 billion.
During the same quarter of the previous year, the company's earnings report indicated a per-share income of $1.32. This noteworthy figure was a direct outcome of the company's total revenue, which reached an impressive $4.94 billion during that specific period.
Analysts forecasting the company's performance for this year have been made public. The estimated total revenue is about $21.27 billion. They also predict that throughout the course of the fiscal year, the business will make about profit of $6.01 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $1.46 | +33.9% | 4.86 B | +8.1% |
| Q4 2023 | $1.82 | +38.9% | 6.02 B | +15.5% |
| Q3 2023 | $1.33 | +33.0% | 4.93 B | +7.9% |
| Q2 2023 | $1.32 | +18.9% | 4.94 B | +7.7% |
*Growth on year-over-year basis
Ross Stores (ROST) shares experienced a range of $152.22 to $157.85 on a day volume of 3.10 million shares. The stock closed Wednesday's regular trading session at $153.95, showing a 4.23 percent upturn.
