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Dollar General (DG) Outpaces Stock Market Gains: What You Should Know
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Dollar General (DG - Free Report) closed the most recent trading day at $123.47, moving +1.57% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.36%.
The discount retailer's shares have seen a decrease of 4.03% over the last month, not keeping up with the Retail-Wholesale sector's gain of 7.33% and the S&P 500's gain of 5.98%.
The investment community will be paying close attention to the earnings performance of Dollar General in its upcoming release. The company is forecasted to report an EPS of $1.9, showcasing a 6.74% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $10.83 billion, indicating a 3.82% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.28 per share and revenue of $44.42 billion. These totals would mark changes of +6.28% and +3.98%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dollar General. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. Dollar General is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dollar General has a Forward P/E ratio of 16.7 right now. This denotes a discount relative to the industry average Forward P/E of 30.1.
It's also important to note that DG currently trades at a PEG ratio of 1.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Discount Stores industry held an average PEG ratio of 3.05.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Dollar General (DG) Outpaces Stock Market Gains: What You Should Know
Dollar General (DG - Free Report) closed the most recent trading day at $123.47, moving +1.57% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.36%.
The discount retailer's shares have seen a decrease of 4.03% over the last month, not keeping up with the Retail-Wholesale sector's gain of 7.33% and the S&P 500's gain of 5.98%.
The investment community will be paying close attention to the earnings performance of Dollar General in its upcoming release. The company is forecasted to report an EPS of $1.9, showcasing a 6.74% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $10.83 billion, indicating a 3.82% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.28 per share and revenue of $44.42 billion. These totals would mark changes of +6.28% and +3.98%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dollar General. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. Dollar General is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dollar General has a Forward P/E ratio of 16.7 right now. This denotes a discount relative to the industry average Forward P/E of 30.1.
It's also important to note that DG currently trades at a PEG ratio of 1.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Discount Stores industry held an average PEG ratio of 3.05.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.