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Dollar General (DG) Stock Sinks As Market Gains: What You Should Know
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Dollar General (DG - Free Report) closed at $218.04 in the latest trading session, marking a -0.22% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.74%.
Coming into today, shares of the discount retailer had gained 2.48% in the past month. In that same time, the Retail-Wholesale sector gained 3.51%, while the S&P 500 gained 0.85%.
Dollar General will be looking to display strength as it nears its next earnings release, which is expected to be June 1, 2023. On that day, Dollar General is projected to report earnings of $2.38 per share, which would represent a year-over-year decline of 1.24%. Our most recent consensus estimate is calling for quarterly revenue of $9.48 billion, up 8.3% from the year-ago period.
DG's full-year Zacks Consensus Estimates are calling for earnings of $11.18 per share and revenue of $40.02 billion. These results would represent year-over-year changes of +4.68% and +5.76%, respectively.
Investors should also note any recent changes to analyst estimates for Dollar General. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.07% lower. Dollar General is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Dollar General currently has a Forward P/E ratio of 19.55. For comparison, its industry has an average Forward P/E of 22.49, which means Dollar General is trading at a discount to the group.
Investors should also note that DG has a PEG ratio of 1.84 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 2.02 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Dollar General (DG) Stock Sinks As Market Gains: What You Should Know
Dollar General (DG - Free Report) closed at $218.04 in the latest trading session, marking a -0.22% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.74%.
Coming into today, shares of the discount retailer had gained 2.48% in the past month. In that same time, the Retail-Wholesale sector gained 3.51%, while the S&P 500 gained 0.85%.
Dollar General will be looking to display strength as it nears its next earnings release, which is expected to be June 1, 2023. On that day, Dollar General is projected to report earnings of $2.38 per share, which would represent a year-over-year decline of 1.24%. Our most recent consensus estimate is calling for quarterly revenue of $9.48 billion, up 8.3% from the year-ago period.
DG's full-year Zacks Consensus Estimates are calling for earnings of $11.18 per share and revenue of $40.02 billion. These results would represent year-over-year changes of +4.68% and +5.76%, respectively.
Investors should also note any recent changes to analyst estimates for Dollar General. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.07% lower. Dollar General is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Dollar General currently has a Forward P/E ratio of 19.55. For comparison, its industry has an average Forward P/E of 22.49, which means Dollar General is trading at a discount to the group.
Investors should also note that DG has a PEG ratio of 1.84 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 2.02 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.