These Analysts Slash Their Forecasts On Ross Stores Following Q1 Results
1. ROST's quarterly earnings of $1.47 beat estimates of $1.44. 2. Revenue reached $4.99 billion, exceeding expectations of $4.97 billion. 3. Second-quarter EPS guidance is $1.40 to $1.55, below the $1.65 estimate. 4. Shares dropped 13.1% to $132.32 following the earnings report. 5. Multiple analysts reduced their price targets after the earnings announcement.