5 Earnings Reports You Don’t Want to Miss

In this article, we discuss the 5 earnings reports you don’t want to miss. If you want to read our detailed analysis of these companies, go directly to the 11 Earnings Reports You Don’t Want to Miss. 

5. Ross Stores, Inc. (NASDAQ:ROST)

Number of Hedge Fund Holders: 39

Shares of Ross Stores, Inc. (NASDAQ:ROST) rose over seven percent in the pre-market trading session on Wednesday, March 2, 2022, after announcing better-than-expected financial results for its fiscal fourth quarter.

Ross Stores, Inc. (NASDAQ:ROST) reported earnings of $1.04 per share, compared to $1.28 per share in the year-ago period. Revenue came in at $5.02 billion versus $4.25 billion in the same period last year. The results exceeded the consensus of 98 cents per share for earnings and $4.97 billion for revenue.

Looking forward, Ross Stores, Inc. (NASDAQ:ROST) expects earnings in the range of 93 – 99 cents per share for the current quarter and between $4.71 – $5.12 per share its fiscal year 2022.

Discussing the results, CEO Barbara Rentler said:

“We achieved strong sales results in the fourth quarter despite the negative impact from both the surge in Omicron cases during the peak holiday selling period and continued supply chain congestion. Fourth quarter operating margin of 9.8% was down from 13.3% in 2019 mainly due to ongoing headwinds from higher freight, wages, and COVID-related costs.”