Ross Stores (ROST) Gains As Market Dips: What You Should Know

Ross Stores (ROST) closed at $230.59, up 1.01%, outperforming the S&P 500's decline. The discount retailer is projected to report earnings of $1.82 per share with 15.19% year-over-year growth and revenue of $6.2 billion. For the full year, analysts expect earnings of $8.77 per share and revenue of $25.65 billion. However, ROST carries a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 26.02, trading at a premium to its industry average of 19.9.