We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dollar General (DG) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Wall Street analysts expect Dollar General (DG - Free Report) to post quarterly earnings of $0.92 per share in its upcoming report, which indicates a year-over-year increase of 3.4%. Revenues are expected to be $10.61 billion, up 4.2% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Dollar General metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Net Sales by Category- Consumables' to come in at $8.82 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
The average prediction of analysts places 'Net Sales by Category- Seasonal' at $980.71 million. The estimate indicates a year-over-year change of +4.3%.
According to the collective judgment of analysts, 'Net Sales by Category- Home products' should come in at $547.23 million. The estimate indicates a change of +4.8% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales by Category- Apparel' should arrive at $285.13 million. The estimate indicates a year-over-year change of +3.6%.
The combined assessment of analysts suggests that 'Ending store count' will likely reach 20,897 . Compared to the present estimate, the company reported 20,523 in the same quarter last year.
Analysts predict that the 'Total selling square footage' will reach 159 millions of square feet. The estimate is in contrast to the year-ago figure of 156 millions of square feet.
The consensus among analysts is that 'New store openings' will reach 167 . The estimate compares to the year-ago value of 207 .
The consensus estimate for 'Store closings' stands at 21 . The estimate is in contrast to the year-ago figure of 29 .
It is projected by analysts that the 'Net sales per square foot' will reach $66.67 . Compared to the current estimate, the company reported $65.21 in the same quarter of the previous year.
Shares of Dollar General have demonstrated returns of +11% over the past month compared to the Zacks S&P 500 composite's -0.5% change. With a Zacks Rank #3 (Hold), DG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dollar General (DG) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts expect Dollar General (DG - Free Report) to post quarterly earnings of $0.92 per share in its upcoming report, which indicates a year-over-year increase of 3.4%. Revenues are expected to be $10.61 billion, up 4.2% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Dollar General metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Net Sales by Category- Consumables' to come in at $8.82 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
The average prediction of analysts places 'Net Sales by Category- Seasonal' at $980.71 million. The estimate indicates a year-over-year change of +4.3%.
According to the collective judgment of analysts, 'Net Sales by Category- Home products' should come in at $547.23 million. The estimate indicates a change of +4.8% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales by Category- Apparel' should arrive at $285.13 million. The estimate indicates a year-over-year change of +3.6%.
The combined assessment of analysts suggests that 'Ending store count' will likely reach 20,897 . Compared to the present estimate, the company reported 20,523 in the same quarter last year.
Analysts predict that the 'Total selling square footage' will reach 159 millions of square feet. The estimate is in contrast to the year-ago figure of 156 millions of square feet.
The consensus among analysts is that 'New store openings' will reach 167 . The estimate compares to the year-ago value of 207 .
The consensus estimate for 'Store closings' stands at 21 . The estimate is in contrast to the year-ago figure of 29 .
It is projected by analysts that the 'Net sales per square foot' will reach $66.67 . Compared to the current estimate, the company reported $65.21 in the same quarter of the previous year.
View all Key Company Metrics for Dollar General here>>>Shares of Dollar General have demonstrated returns of +11% over the past month compared to the Zacks S&P 500 composite's -0.5% change. With a Zacks Rank #3 (Hold), DG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .