Ross Stores, Inc. (NASDAQ:ROST) is expected to report third quarter earnings results, after market close, on Thursday 19th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.61 per share.
Looking ahead, the full year income are expected at $ 0.87 per share on the revenues of $ 12223.30 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.67 ~ $ 4.88 per share
Click Here For More Historical Outlooks Of Ross Stores, Inc.
Previous Quarter Performance
Ross Stores, Inc. revealed income for the second quarter of $ 0.06 per share, from the revenue of $ 2,684.70 million. The quarterly earnings fell 94.74 percent while revenues decreased 32.54 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.26 per share from $ 2470.04 million in revenue. The bottom line results beat street analysts by $ 0.32 or 123.08 percent, at the same time, top line results outshined analysts by $ 214.66 million or 8.69 percent.
Stock Performance
Shares of Ross Stores, Inc. traded up $ 0.84 or 0.76 percent on Wednesday, reaching $ 111.30 with volume of 3.83 million shares. Ross Stores, Inc. has traded high as $ 115.62 and has cracked $ 110.46 on the downward trend
According to the previous trading day, closing price of $ 111.30, representing a 96.20 % increase from the 52 week low of $ 56.30 and a 11.03 % decrease over the 52 week high of $ 124.16.
The company has a market capital of $ 39.62 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Conference Call
Ross Stores, Inc. will be hosting a conference call at 4:15 PM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rossstores.com
Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dds DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The companys Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dds DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
