Dollar General Q4 Earnings Preview: Analyst Estimates, Why Food Stamps Could Be An Item To Watch
Retailer Dollar General Corp (NYSE:DG) is set to report fourth-quarter financial results before market open on Thursday, March 14.
Here are the key earnings estimates, what analysts were saying and key items to watch.
Earnings Estimates: Analysts expect Dollar General to report fourth-quarter revenue of $9.78 billion according to estimates from Benzinga Pro.
The company reported $10.2 billion in revenue in last year’s fourth quarter. The company missed revenue estimates from analysts in three of the last five quarters.
Analysts expect Dollar General to report fourth-quarter earnings per share of $1.75, versus earnings of $2.96 per share in last year’s fourth quarter. Over the past five quarters, Dollar General missed earnings per share estimates three times, matched expectations once and beat estimates once.
Dollar General beat both revenue and earnings per share estimates in the most recently reported third quarter.
Related Link: Retail Trends Unwrapped: Analyst Unveils Surprising Shifts In Consumer Spending As 2023 Looms
What Analysts Are Saying: Store checks and management commentary saw one analyst upgrading Dollar General shares.
JPMorgan analyst Matthew Boss upgraded shares from Underweight to Neutral and raised the price target from $120 to $158.
The …
Full story available on Benzinga.com