Ross Stores, Inc. (ROST) - Get Free Report is expected to report adjusted net income of $402.3 million, or $1.12 a share, on sales of $4 billion after the market closes on Thursday, based on a FactSet survey of 24 analysts.
The company offered guidance of $1.06 to $1.11 a share on May. 24. Shares have risen 12.3% since then.
In the same period a year ago the company posted earnings of $1.04 a share on sales of $3.7 billion. It reported net income of $418.3 million.
The stock has risen 10.2% since the company last reported earnings on May. 23.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Ross Stores is currently trading at a price-to-forward-earnings ratio of 22.2 based on the 12-month estimates of 24 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $358.8 million, or $1.00 a share, on sales of $3.8 billion.
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