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Dollar Tree (DLTR) Stock Down as Q1 Earnings Lag Estimates
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Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered first-quarter fiscal 2017 adjusted earnings of 98 cents per share which fell a penny short of the Zacks Consensus Estimate, while it increased 10.1% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 4.2%.
Revenues: Dollar Tree generated total revenue of $5,287.1 million that rose 4% year over year, almost meeting the Zacks Consensus Estimate of $5,293 million. Comparable-store sales (comps) climbed 0.5%.
Outlook: Management now forecasts net sales for fiscal 2017 (which will contain an additional week) in the band of $21.95–$22.25 billion, compared with the old projection of $21.94–$22.33 billion. The company’s second quarter sales are projected in the band of $5.18–$5.28 billion. Comps for both periods are expected to grow in a range of slightly positive to low single-digit rise.
Earnings per share for fiscal 2017 are now expected to be in the range of $4.17–$4.43, which includes an impairment charge of 13 cents recorded in the first quarter. Earlier, management projected earnings to lie in a band of $4.20–$4.56 per share, in fiscal 2017. For the second quarter, the company expects earnings to lie in the range of 80– 88 cents.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Shares dropped 2.5% during pre-market trading hours following the lower-than-expected results.
Check back later for our full write up on Dollar Tree’s earnings report!
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Dollar Tree (DLTR) Stock Down as Q1 Earnings Lag Estimates
Dollar Tree Inc. (DLTR - Free Report) , one of the leading operators of discount stores, delivered first-quarter fiscal 2017 adjusted earnings of 98 cents per share which fell a penny short of the Zacks Consensus Estimate, while it increased 10.1% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the last 30 days. If we look at Dollar Tree’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 4.2%.
Dollar Tree, Inc. Price and EPS Surprise
Dollar Tree, Inc. Price and EPS Surprise | Dollar Tree, Inc. Quote
Revenues: Dollar Tree generated total revenue of $5,287.1 million that rose 4% year over year, almost meeting the Zacks Consensus Estimate of $5,293 million. Comparable-store sales (comps) climbed 0.5%.
Outlook: Management now forecasts net sales for fiscal 2017 (which will contain an additional week) in the band of $21.95–$22.25 billion, compared with the old projection of $21.94–$22.33 billion. The company’s second quarter sales are projected in the band of $5.18–$5.28 billion. Comps for both periods are expected to grow in a range of slightly positive to low single-digit rise.
Earnings per share for fiscal 2017 are now expected to be in the range of $4.17–$4.43, which includes an impairment charge of 13 cents recorded in the first quarter. Earlier, management projected earnings to lie in a band of $4.20–$4.56 per share, in fiscal 2017. For the second quarter, the company expects earnings to lie in the range of 80– 88 cents.
Zacks Rank: Currently, Dollar Tree carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Shares dropped 2.5% during pre-market trading hours following the lower-than-expected results.
Check back later for our full write up on Dollar Tree’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal mariuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>