Ross Stores (ROST) recently outperformed Q1 earnings per share estimates by 11c and impressed with its forward-looking outlook. Post-market movement saw big swings in ROST shares, according to reports. In addition, the company has seemingly excelled analysts' predictions by revising FY24 guidance upwards. Despite the stock being on the decline, experts suggest this might be a market mistake due to the robust fundamentals of Ross Stores. The company recorded 8% sales growth and reported Q1 results in line with expectations, which fueled a noticeable uptick in the stock. The firm's value proposition for long-term investing coupled with its sound growth has been highlighted. Despite the impact of inflation on underprivileged shoppers, Ross Stores has upgraded its profit forecast. It was a solid first quarter for the company, beating earnings and revenue estimates significantly. Ontario Teachers Pension Plan Board also currently holds a hefty $2.67 Million stake in Ross Stores.
Ross Stores ROST News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Thu, 23 May 2024 22:26:44 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 1
