Gear Up for Ross Stores (ROST) Q2 Earnings: Wall Street Estimates for Key Metrics

In its upcoming report, Ross Stores (ROST) is predicted by Wall Street analysts to post quarterly earnings of $1.52 per share, reflecting a decline of 4.4% compared to the same period last year. Revenues are forecasted to be $5.53 billion, representing a year-over-year increase of 4.6%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Given this perspective, it's time to examine the average forecasts of specific Ross Stores metrics that are routinely monitored and predicted by Wall Street analysts.The average prediction of analysts places 'Comparable store sales - YoY change' at 1.7%. Compared to the present estimate, the company reported 4.0% in the same quarter last year.The combined assessment of analysts suggests that 'Store count at end of period' will likely reach 2,234 . The estimate is in contrast to the year-ago figure of 2,148 .Analysts expect 'Number of stores opened' to come in at 31 . Compared to the present estimate, the company reported 24 in the same quarter last year. View all Key Company Metrics for Ross Stores here>>> Over the past month, shares of Ross Stores have returned +13.1% versus the Zacks S&P 500 composite's +3.5% change. Currently, ROST carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ross Stores, Inc. (ROST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks