Ross Stores Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Ross Stores, Inc. ROST is expected to report its financial results for the second quarter, after the closing bell on Aug. 17, 2023.

Analysts expect the company to post quarterly earnings at $1.16 per share, up from year-ago earnings of $1.11 per share. The company’s revenue might come in at $4.75 billion, compared to $4.58 billion in the year-ago period.

Ross Stores shares gained 1.1% to close at $115.23 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Adrienne Yih maintained an Overweight rating and raised the price target from $122 to $129 on Aug. 15, 2023. This analyst has an accuracy rate of 72%.
• UBS analyst Jay Sole maintained a Sell rating and increased the price target from $78 to $80 on Aug. 7, 2023. This analyst has an accuracy rate of 71%.
• TD Cowen analyst John Kernan upgraded the stock from Market Perform to Outperform on Aug. 3, 2023. This analyst has an accuracy rate of 70%.
• Piper Sandler analyst Edward Yruma initiated coverage on the stock with a Neutral rating and a price target of $112 on June 29, 2023. This analyst has an accuracy rate of 74%.
• Gordon Haskett analyst Chuck Grom downgraded the stock from Buy to Accumulate with a price target of $120 on June 26, 2023. This analyst has an accuracy rate of 69%.

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