Dollar General Corp. (NYSE: DG) is scheduled to report its fiscal second-quarter financial results before the markets open on Thursday. The consensus estimates from Thomson Reuters call for $0.94 in earnings per share (EPS) on $5.14 billion in revenue. In the same period of the previous year, the retailer posted EPS of $0.83 and revenue of $4.72 billion.
First and foremost, Dollar General is considered by 24/7 Wall St. as one of the top 10 stocks to own for the next decade.
Last quarter, the company confirmed guidance for the 2015 fiscal year. Dollar General expects total sales to increase 8% to 9%, with an increase in same-store sales of 3% to 3.5%, and the EPS for the fiscal year are expected to be roughly $3.85 to $3.95. Consensus estimates are $3.95 in EPS and revenue of $20.50 billion.
Dollar General is well-positioned to win with its customers as it continues to invest in growing the business. The company is currently executing its plan to deliver increased value to shareholders by capitalizing on growth opportunities and returning capital to shareholders through share repurchases and anticipated regular quarterly dividends.
In the first quarter, the company made solid progress implementing its key initiatives, with balanced growth across both its consumables and non-consumable categories. Dollar General will want to continue this effort in order to keep winning its earnings, as well as maintaining steady growth in its same-store sales.
A few analysts weighed in on Dollar General ahead of its earnings:
- Deutsche Bank reiterated a Buy rating with an $85 price target.
- Jefferies reiterated a Buy rating with an $89 price target.
- Citigroup reiterated a Buy rating and raised its price target to $94 from $91.
Shares of Dollar General were up 1.2% at $74.62 on Wednesday afternoon. The stock has a consensus analyst price target of $83.59 and a 52-week trading range of $57.09 to $81.42.
ALSO READ: Oppenheimer’s 7 Bull Market Leaders to Buy After the Sell-Off
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.