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Dollar General (DG) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Dollar General (DG - Free Report) closed at $216.10, marking a +0.86% move from the previous day. This change outpaced the S&P 500's 0.31% gain on the day. Meanwhile, the Dow gained 0.22%, and the Nasdaq, a tech-heavy index, lost 0.28%.
Heading into today, shares of the discount retailer had lost 9.26% over the past month, lagging the Retail-Wholesale sector's loss of 4.4% and the S&P 500's loss of 1% in that time.
Wall Street will be looking for positivity from Dollar General as it approaches its next earnings report date. This is expected to be March 16, 2023. In that report, analysts expect Dollar General to post earnings of $3.10 per share. This would mark year-over-year growth of 20.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.31 billion, up 19.22% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Dollar General. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.17% lower. Dollar General is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Dollar General is currently trading at a Forward P/E ratio of 17.85. For comparison, its industry has an average Forward P/E of 21.96, which means Dollar General is trading at a discount to the group.
Investors should also note that DG has a PEG ratio of 1.62 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Discount Stores industry currently had an average PEG ratio of 1.96 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DG in the coming trading sessions, be sure to utilize Zacks.com.
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Dollar General (DG) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Dollar General (DG - Free Report) closed at $216.10, marking a +0.86% move from the previous day. This change outpaced the S&P 500's 0.31% gain on the day. Meanwhile, the Dow gained 0.22%, and the Nasdaq, a tech-heavy index, lost 0.28%.
Heading into today, shares of the discount retailer had lost 9.26% over the past month, lagging the Retail-Wholesale sector's loss of 4.4% and the S&P 500's loss of 1% in that time.
Wall Street will be looking for positivity from Dollar General as it approaches its next earnings report date. This is expected to be March 16, 2023. In that report, analysts expect Dollar General to post earnings of $3.10 per share. This would mark year-over-year growth of 20.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.31 billion, up 19.22% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Dollar General. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.17% lower. Dollar General is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Dollar General is currently trading at a Forward P/E ratio of 17.85. For comparison, its industry has an average Forward P/E of 21.96, which means Dollar General is trading at a discount to the group.
Investors should also note that DG has a PEG ratio of 1.62 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Discount Stores industry currently had an average PEG ratio of 1.96 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DG in the coming trading sessions, be sure to utilize Zacks.com.