Dublin, California-based Ross Stores, Inc. (ROST) operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands in the United States. Valued at a market capitalization of $74.8 billion, the company offers apparel, accessories, footwear, and home fashion products. The company is expected to release its Q3 2026 earnings soon.
Ahead of the event, analysts expect the company’s EPS to be $1.82 on a diluted basis, up 15.2% from $1.58 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters, which is impressive.
For fiscal 2027, analysts project EPS of $8.15, up 23.3% from $6.61 in fiscal 2026. Moreover, its EPS is expected to rise by roughly 9.7% year-over-year (YoY) to $8.94 in fiscal 2028.
ROST stock has surged 43.2% over the past 52 weeks, rallying the S&P 500 Index’s ($SPX) 12.3% rise and the State Street Consumer Cyclical Select Sector SPDR ETF’s (XLY) 4.2% fall during the same time frame.
On Aug. 21, ROST stock rose 4.4% following the release of its Q2 2027 earnings. The company’s revenue for the quarter rose 13.3% from the prior year’s quarter to $6.3 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS also came in at $2.06, topping the consensus estimates. The company also announced growth in its operating margin, along with same-store sales, as well as a robust growth in locations as well. ROST expects full-year earnings to be $8.61 to $8.77 per share, which also came above Wall Street’s forecasts.
Analysts are highly bullish on ROST, with the stock having a “Strong Buy” rating overall. Among the 21 analysts covering the stock, 17 are recommending a “Strong Buy,” and four suggest a “Hold.” ROST’s average analyst price target of $276.53 indicates a 20.2% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.