Compared to Estimates, Ross Stores (ROST) Q1 Earnings: A Look at Key Metrics

For the quarter ended April 2024, Ross Stores (ROST) reported revenue of $4.86 billion, up 8.1% over the same period last year. EPS came in at $1.46, compared to $1.09 in the year-ago quarter.

The reported revenue represents a surprise of +0.64% over the Zacks Consensus Estimate of $4.83 billion. With the consensus EPS estimate being $1.34, the EPS surprise was +8.96%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Ross Stores performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Comparable store sales - YoY change: 3% versus the six-analyst average estimate of 3%.

• Comparable store sales - YoY change: 3% compared to the 3% average estimate based on six analysts.

• Store count at end of period: 2,127 versus the four-analyst average estimate of 2,127.

• Store count at end of period: 2,127 versus 2,127 estimated by four analysts on average.

View all Key Company Metrics for Ross Stores here>>>

Shares of Ross Stores have returned -0.8% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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