What to Expect From Dollar General Earnings
Dollar General is scheduled to report its fiscal fourth-quarter financial results Thursday before the markets open.
Dollar General Corp. (NYSE: DG) will report its fiscal fourth-quarter financial results Thursday before the markets open. Thomson Reuters has consensus estimates of $1.17 in earnings per share (EPS) on $4.95 billion in revenue. The same quarter from the previous year had $1.01 in EPS on $4.49 billion in revenue.
In the wake of Dollar Tree Inc. (NASDAQ: DLTR) winning out in the war for Family Dollar Stores Inc. (NYSE: FDO), Dollar General has set a course to press ahead with its business model, but more will be seen in terms of the direction of the company Thursday morning in its fourth-quarter earnings.
Dollar Tree had previously reported its fourth-quarter financial results just a week prior. The company had $1.00 in earnings per share (EPS) on $2.48 billion in revenue, versus consensus estimates of $1.15 in EPS and $2.47 billion in revenue.
A couple of analysts weighed in on Dollar General within the month prior to earnings being released. J.P. Morgan reiterated an Overweight rating with a price target of $85, which implies an upside of 19% from Wednesday’s close. Piper Jaffray also jumped in on Dollar General with a Buy rating and the firm raised its price target to $85 from $73.
The 50-day moving average (MA) was tested for about a month when discussions of the merger talks had reached their pinnacle from mid-January to mid-February. Dollar General shares eventually would cross over the MA when the merger deal was settled. The 50-day MA currently reads at $69.54. The 200-day MA is immaterial at $63.68.
Shares of Dollar General closed Wednesday up 0.6% at $71.45. The stock has a consensus analyst price target of $77.74 and a 52-week trading range of $53.00 to $73.53.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
