Ross Stores, Inc. (NASDAQ:ROST) is reporting second quarter financial results on Thursday 20th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, ROST is expected to report 2Q20 loss of $ 0.26 per share from revenue of $ 2470.04 million.
For the full year, analysts anticipate top line of $ 12416.30 million, while looking forward to income of $ 0.91 per share bottom line.
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. reported loss for the first quarter of $ 0.29 per share, from the revenue of $ 1,843.00 million. The quarterly earnings compared with the same quarter last year. According to street consensus, ROST was expected to report 1Q20 income of $ 0.06 per share from revenue of $ 2117.79 million. The bottom line results missed street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 274.79 million or 12.98 percent.
Stock Performance
According to the previous trading day, closing price of ROST was $ 90.26, representing a 60.32 % increase from the 52 week low of $ 56.30 and a 27.3 % decrease over the 52 week high of $ 124.16.
The company has a market capital of $ 32.13 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
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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.
