Dollar Tree Inc. (DLTR - Free Report) reported mixed first-quarter fiscal 2019 results, wherein earnings missed estimates while sales beat. Moreover, the company narrowed its sales and earnings guidance for fiscal 2019. Management also hinted that the outlook depends on the potential imposition of tariffs on List 4 goods.
Driven by the soft earnings and outlook, the company’s shares dropped 2% in the pre-market trading session. Though this Zacks Rank #3 (Hold) stock has gained 9% year to date, it underperformed the industry's 12.9% growth.
Quarter in Detail
Dollar Tree’s adjusted earnings declined 4.2% to $1.14 per share and missed the Zacks Consensus Estimate by a penny. However, earnings were near the high end of the company’s guided range of $1.05-$1.15 per share.
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Dollar Tree Inc. (DLTR - Free Report) reported mixed first-quarter fiscal 2019 results, wherein earnings missed estimates while sales beat. Moreover, the company narrowed its sales and earnings guidance for fiscal 2019. Management also hinted that the outlook depends on the potential imposition of tariffs on List 4 goods.
Driven by the soft earnings and outlook, the company’s shares dropped 2% in the pre-market trading session. Though this Zacks Rank #3 (Hold) stock has gained 9% year to date, it underperformed the industry's 12.9% growth.
Quarter in Detail
Dollar Tree’s adjusted earnings declined 4.2% to $1.14 per share and missed the Zacks Consensus Estimate by a penny. However, earnings were near the high end of the company’s guided range of $1.05-$1.15 per share.
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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