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ROST
Benzinga
168 days

Ross Stores Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. ROST will report Q4 earnings on March 4, projecting $1.66 per share. 2. Expected revenue of $5.95 billion, down from $6.02 billion last year. 3. The stock fell 2.5% to close at $136.81, reflecting bearish sentiment. 4. Key analysts downgraded ROST's stock rating, lowering price targets. 5. Guggenheim and JP Morgan maintain positive ratings, projecting higher targets.

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FAQ

Why Bearish?

The downgrade from multiple analysts indicates a negative sentiment towards ROST. Historical context shows that downgrades often lead to further price declines in the short term.

How important is it?

The earnings report is critical, given downgrades and revenue projections. Investor sentiment will be influenced by actual results versus expectations.

Why Short Term?

The upcoming earnings report may reveal further weaknesses leading to immediate price adjustments. Recent downgrades have already impacted the stock’s price over the last few trading sessions.

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