Ross Stores' (ROST, $103.31) Q2 earnings exceed expectations
Ross Stores Inc. reported second-quarter earnings that surpassed Wall Street estimates.
The department store chain reported earnings of $1.14 a share, higher than analyst’ estimate of $1.11 a share. It also marked an increase from the year-ago period’s $1.04 a share.
Sales came in at $3.98 billion, beating analysts' estimate of $3.96 billion. It was higher than $3.74 billion of the prior year. Its comparable-store sales grew +3% compared with the same quarter last year.
According to Ross Stores, there would be a slight impact on its third and fourth quarters from the 10% tariffs on goods imported from China. For the third quarter, Ross Stores forecasts per-share earnings of 92 to 96 cents. For the fourth quarter, the company expects per-share earnings to be between $1.20 and $1.25.
The company issued full-year earnings guidance of $4.41 to $4.50, compared with its previous outlook of $4.38 to $4.52.
ROST in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 07, 2024
ROST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 40 cases where ROST's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ROST's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 16, 2024. You may want to consider a long position or call options on ROST as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ROST just turned positive on October 17, 2024. Looking at past instances where ROST's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROST advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where ROST's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
ROST moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ROST crossed bearishly below the 50-day moving average on October 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ROST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ROST entered a downward trend on October 16, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ROST’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: ROST's P/B Ratio (10.020) is slightly higher than the industry average of (3.843). P/E Ratio (26.088) is within average values for comparable stocks, (106.594). ROST's Projected Growth (PEG Ratio) (2.444) is slightly higher than the industry average of (1.444). Dividend Yield (0.009) settles around the average of (0.028) among similar stocks. P/S Ratio (2.402) is also within normal values, averaging (1.249).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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an operator of discount clothing chains & sells closeout merchandise
Industry ApparelFootwearRetail