For the second quarter the company reported earnings of $1.14, beating the Capital IQ Consensus Estimate of $1.08 a share by 6 cents. Revenue increased 7.1% from the year-ago quarter to $2.73 billion, compared to analysts' estimates of $2.71 billion.
Looking to the third quarter Ross Stores expects EPS of$1.05 to $1.09 a share, compared to analysts' estimates of $1.08 a share for the quarter. For the full year 2014 the company expects earnings of $4.18 to $4.26 a share, compared to analysts' expectations of $4.21 a share.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates ROSS STORES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate ROSS STORES INC (ROST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: ROST Ratings Report ROST data by YCharts EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.