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Stocks•8 May 2026•

1 min read

Erste Group Raises Earnings Forecasts for Ross Stores and Cadence Design Systems

Key Facts

1Erste Group Bank increased its FY2028 EPS forecast for Ross Stores to $8.17, significantly above the consensus estimate of $7.32.

2The FY2027 EPS estimate for Cadence Design Systems was raised to $7.56 following strong Q1 results and robust guidance.

Erste Group Bank has upwardly revised its FY2028 earnings per share (EPS) forecast for Ross Stores to $8.17, significantly outperforming the consensus estimate of $7.32. Simultaneously, the bank raised its FY2027 EPS estimate for Cadence Design Systems to $7.56 following a robust performance in the first quarter. These optimistic revisions are driven by both companies exceeding revenue and earnings expectations in their recent quarterly reports. Furthermore, the positive forward-looking guidance provided by the companies has bolstered analyst confidence in their growth trajectories. This move reflects a bullish sentiment regarding the sustained momentum in both the retail and technology sectors. Such analyst upgrades typically provide short-term support for the stock prices of ROST and CDNS.