Many retail stocks in the consumer discretionary sector started to report earnings this week, beginning with Home Depot, Inc (NYSE:HD) on Tuesday. Despite inflation remaining sticky and interest rates high, retailers fared better-than-expected.
Ross Stores, Inc (NASDAQ:ROST) is next to print its financial results, set to print first-quarter earnings after the bell on Thursday. Analysts expect the company to report earnings of $1.06 per share on revenues of $4.5 billion.
Shares are trading down 0.21% at $103.57 at the time of publication on Thursday.
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A Look At The Retail Quarterly Reports
Home Depot reported quarterly earnings of $3.82 per share, beating the $3.80 EPS estimate. The company reported quarterly sales of $37.257 billion, which missed the analyst consensus estimate of $38.31 billion.
Shares are trading 0.15% higher Thursday at $292.81 after surging 3.56% on Wednesday.
Target Corporation (NYSE:TGT) reported quarterly sales of $25.322 billion Wednesday, which beat the analyst consensus estimate of $25.29 billion. The company also beat on earnings, reporting EPS of $2.05, which came in ahead of the $1.76 estimate.
Shares closed up 2.58% on Wednesday but are now trading 4.7% lower at $154.23.
Walmart, Inc (NYSE:WMT) reported quarterly earnings of $1.47 per share Thursday, which beat the consensus estimate $1.32. The company reported quarterly sales of $152.301 billion, which beat the analyst consensus estimate of $148.65 billion.
Shares are trading 1.1% higher at $151.26 after a volatile opening, where Walmart reached a high of $154.29 on Thursday.
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