Ross Stores Set for Q4: Analysts Weigh in on Future Earnings

Author: Dylan Bailey Updated: 03-04-2025 05:58 AM

Ross Stores Prepares for Fourth Quarter Earnings

Ross Stores, Inc. (NASDAQ: ROST) is on the verge of announcing its fourth-quarter financial results, creating a buzz among investors and analysts alike. The earnings are set to be revealed after the market closes, capturing the attention of stockholders looking for insights into the company's financial health and future outlook.

Analysts' Earnings Predictions

Industry analysts have projected that Ross Stores will report earnings of approximately $1.66 per share for the quarter, a slight dip from the $1.82 reported in the same quarter last year. This decline highlights the challenges the retail sector has faced over the past year. Furthermore, the company anticipates quarterly revenue around $5.95 billion, which is a decrease from the $6.02 billion reported the previous year. These forecasts signal a critical moment in the company's financial journey.

Management Changes and Stock Performance

Recently, Ross Stores announced an important management change, naming William Sheehan as Deputy CFO. Leadership transitions can often influence investor confidence and stock performance, making it a significant development for the company. Following this news, the stock price experienced fluctuations, with shares falling 2.5% to close at $136.81.

Analyst Recommendations on ROST Stock

As the earnings report approaches, several notable analysts have provided updated ratings on Ross Stores. These recommendations can be pivotal for investors considering buying or selling shares.

Morgan Stanley's Alex Straton downgraded the stock from Overweight to Equal-Weight, lowering the price target from $164 to $140, reflecting a more cautious approach given current market conditions.
Wells Fargo analyst Ike Boruchow followed suit, also downgrading the stock from Overweight to Equal-Weight, setting the price target at $165.
Conversely, Guggenheim's Robert Drbul maintained a Buy rating and set a price target of $180, indicating confidence in the company's long-term prospects.
JP Morgan’s Matthew Boss held an Overweight rating, adjusting the price target slightly from $171 to $173, suggesting steady faith in the company's performance.
Evercore ISI Group's Michael Binetti kept an Outperform rating, raising the price target from $170 to $180, which adds a positive outlook in light of market challenges.

What This Means for Potential Investors

As potential investors consider buying ROST stock, it's helpful to examine the prevailing sentiments among analysts. Understanding these perspectives can aid in making informed decisions. The mixed ratings indicate varying opinions, which could reflect the uncertainty in the current economic climate. It's critical for shareholders to stay updated on such developments and adjust their investment strategies accordingly.

Frequently Asked Questions

What are the expected earnings for Ross Stores?

Analysts project Ross Stores will report earnings of approximately $1.66 per share for the fourth quarter.

What changes occurred in Ross Stores' management?

William Sheehan has been appointed as Deputy CFO of Ross Stores, marking a significant management change.

How have analyst ratings changed for ROST stock?

Analysts have issued a mix of ratings, with some downgrading their outlook while others remain positive about the stock's future.

What was the stock price for Ross Stores recently?

Ross Stores shares recently closed at $136.81 after declining by 2.5%.

What is the outlook for Ross Stores according to analysts?

The outlook varies, with some analysts optimistic about future performance, indicated by higher price targets, while others express caution amid market conditions.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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