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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 $127.23, marking a +2.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
Shares of the discount retailer witnessed a gain of 1.04% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 1.58%, and underperforming the S&P 500's gain of 1.34%.
Investors will be eagerly watching for the performance of Dollar General in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.39, marking a 8.59% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $11.13 billion, indicating a 4.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.94 per share and revenue of $44.55 billion, which would represent changes of +15.91% and +4.27%, respectively, from the prior year.
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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Dollar General is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Dollar General currently has a Forward P/E ratio of 15.66. This expresses a discount compared to the average Forward P/E of 23.24 of its industry.
It's also important to note that DG currently trades at a PEG ratio of 1.64. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 1.76.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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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 $127.23, marking a +2.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
Shares of the discount retailer witnessed a gain of 1.04% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 1.58%, and underperforming the S&P 500's gain of 1.34%.
Investors will be eagerly watching for the performance of Dollar General in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.39, marking a 8.59% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $11.13 billion, indicating a 4.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.94 per share and revenue of $44.55 billion, which would represent changes of +15.91% and +4.27%, respectively, from the prior year.
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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Dollar General is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Dollar General currently has a Forward P/E ratio of 15.66. This expresses a discount compared to the average Forward P/E of 23.24 of its industry.
It's also important to note that DG currently trades at a PEG ratio of 1.64. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 1.76.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.