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Dollar General (DG) Stock Dips While Market Gains: Key Facts
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Dollar General (DG - Free Report) closed at $126.86 in the latest trading session, marking a -1.21% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The stock of discount retailer has risen by 3.26% in the past month, leading the Retail-Wholesale sector's gain of 2.94% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of Dollar General in its upcoming earnings disclosure. On that day, Dollar General is projected to report earnings of $1.39 per share, which would represent year-over-year growth of 8.59%. Simultaneously, our latest consensus estimate expects the revenue to be $11.13 billion, showing a 4.51% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.94 per share and a revenue of $44.55 billion, signifying shifts of +15.91% and +4.27%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dollar General. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.11% rise in the Zacks Consensus EPS estimate. Dollar General presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Dollar General is presently being traded at a Forward P/E ratio of 16.18. This expresses a discount compared to the average Forward P/E of 20.25 of its industry.
Also, we should mention that DG has a PEG ratio of 1.7. 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. The Retail - Discount Stores was holding an average PEG ratio of 1.83 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
View the Zacks #1 Rank List
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Dollar General (DG) Stock Dips While Market Gains: Key Facts
Dollar General (DG - Free Report) closed at $126.86 in the latest trading session, marking a -1.21% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The stock of discount retailer has risen by 3.26% in the past month, leading the Retail-Wholesale sector's gain of 2.94% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of Dollar General in its upcoming earnings disclosure. On that day, Dollar General is projected to report earnings of $1.39 per share, which would represent year-over-year growth of 8.59%. Simultaneously, our latest consensus estimate expects the revenue to be $11.13 billion, showing a 4.51% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.94 per share and a revenue of $44.55 billion, signifying shifts of +15.91% and +4.27%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dollar General. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.11% rise in the Zacks Consensus EPS estimate. Dollar General presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Dollar General is presently being traded at a Forward P/E ratio of 16.18. This expresses a discount compared to the average Forward P/E of 20.25 of its industry.
Also, we should mention that DG has a PEG ratio of 1.7. 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. The Retail - Discount Stores was holding an average PEG ratio of 1.83 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.