What to Expect When Dollar General Reports on Tuesday
Dollar General is scheduled to release its fiscal third-quarter financial results before the markets open on Tuesday, and top and bottom line growth is expected.
Dollar General Corp. (NYSE: DG) is scheduled to release its fiscal third-quarter financial results before the markets open on Tuesday. The Thomson Reuters consensus estimates are $1.26 in earnings per share (EPS) and $6.38 billion in revenue. The same period of last year reportedly had $0.93 in EPS and $5.9 billion in revenue.
During its latest quarter, same-store sales increased 3.7% from the second quarter of 2017, driven by increases in average transaction amount and customer traffic. Growth in same-store sales was driven by positive results in the consumables, seasonal and apparel categories, partially offset by sales declines in the home category.
Also at that time, the company issued guidance for the full year. Dollar General said that it expected to see EPS in the range of $5.95 to $6.15 and net sales growing 9.0% to 9.3%. Consensus estimates call for $6.11 in EPS and $25.56 billion in revenue for the full year.
Dollar General has outperformed the broad markets, with its stock up 26% in the past 52 weeks. In just 2018 alone, the stock is up 19%.
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A few analysts weighed in on Dollar General ahead of the report:
- Credit Suisse has a Hold rating and a $108 price target.
- UBS Group has a Buy rating with a $120 price target.
- Buckingham Research has a Buy rating with a $125 target.
- Morgan Stanley has an Overweight rating and a $118 target.
- Deutsche Bank has a Buy rating with a $125 target price.
- Loop Capital has a Hold rating with a $105 target price.
Shares of Dollar General were last seen trading at $111.75, with a consensus analyst price target of $117.75 and a 52-week trading range of $85.54 to $118.45.
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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.
