Costco (COST) is gearing up to announce its earnings for the fiscal second quarter on Thursday. The company’s stock reached a new high on Wednesday following a strong rally. Similarly, Abercrombie & Fitch (ANF) saw a surge in its stock after surpassing expectations for the fourth quarter. Meanwhile, Ross Stores (ROST) provided cautious guidance despite exceeding earnings and revenue estimates for the holiday quarter. Dick’s Sporting Goods (DKS) is also set to report next week.

Investors are closely monitoring the guidance provided by these retailers as they prepare to report their earnings. Target (TGT) reported robust Q4 earnings but offered weak Q1 guidance, causing its stock to soar by 12%.

Analysts anticipate Costco to achieve earnings of $3.62 per share on revenue of $59.11 billion, with a projected 10% growth in earnings and a 7% rise in sales year over year. Dick’s Sporting Goods is expected to report on March 14, with estimates indicating earnings of $3.62 per share on revenue of $59.11 billion.

On the other hand, Abercrombie & Fitch was projected to deliver earnings of $2.83 per share on revenue of $1.429 billion for the holiday quarter. The company exceeded these expectations, posting EPS of $2.97, a 267% increase, and revenue growth of 21% to $1.453 billion. Furthermore, Abercrombie guided for fiscal 2024 sales growth of 4%-6%, up from $4.3 billion in 2023.

Despite the positive results, Abercrombie stock fell 3.6% on Wednesday, reaching around 135. The retail stock, which has soared 383% in the past year, remains above all short-term and long-term moving averages. However, it is significantly extended from its previous breakout last June.