Dollar General Corporation (DG - Free Report) , one of the largest discount retailers, came out with fourth-quarter fiscal 2017 results, wherein adjusted earnings of $1.48 missed the Zacks Consensus Estimate of $1.50 and also declined 0.7% from the prior-year quarter. Adjusted earnings for fiscal 2017 gained 1.4% to reach $4.49.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has increased by a penny in the last 30 days. Moreover, in the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 3.7%.
Revenues: Dollar General generated net sales of $6,129.4 million that jumped 2% year over year. Top-line however missed the Zacks Consensus Estimate of $6,220 million. Further, same store sales rose 3.3% in the quarter.
Dollar General Corporation Price, Consensus and EPS Surprise
Key Events: The Board announced a 12% hike in its quarterly dividend rate to reach 29 cents per share that will be payable by April 24, 2018 to shareholders of record as on April 10, 2018. Also management announced an increased in the authorization limit of its existing share repurchase program by $1 billion. .
Outlook: Management anticipate net sales for fiscal 2018 to increase by 9%, year-on-year. Same store sales are expected to soar in mid-two percentage in fiscal 2018. Further, GAAP earnings for the fiscal are expected in the range of $5.95 -6.15.
Zacks Rank: Currently, Dollar General has a Zacks Rank #2 (Buy), 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
Check back later for our full write up on Dollar General’s earnings report!
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Dollar General Corporation (DG - Free Report) , one of the largest discount retailers, came out with fourth-quarter fiscal 2017 results, wherein adjusted earnings of $1.48 missed the Zacks Consensus Estimate of $1.50 and also declined 0.7% from the prior-year quarter. Adjusted earnings for fiscal 2017 gained 1.4% to reach $4.49.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has increased by a penny in the last 30 days. Moreover, in the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 3.7%.
Revenues: Dollar General generated net sales of $6,129.4 million that jumped 2% year over year. Top-line however missed the Zacks Consensus Estimate of $6,220 million. Further, same store sales rose 3.3% in the quarter.
Dollar General Corporation Price, Consensus and EPS Surprise
Key Events: The Board announced a 12% hike in its quarterly dividend rate to reach 29 cents per share that will be payable by April 24, 2018 to shareholders of record as on April 10, 2018. Also management announced an increased in the authorization limit of its existing share repurchase program by $1 billion. .
Outlook: Management anticipate net sales for fiscal 2018 to increase by 9%, year-on-year. Same store sales are expected to soar in mid-two percentage in fiscal 2018. Further, GAAP earnings for the fiscal are expected in the range of $5.95 -6.15.
Zacks Rank: Currently, Dollar General has a Zacks Rank #2 (Buy), 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
Check back later for our full write up on Dollar General’s earnings report!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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