Dollar General and Dollar Tree get ready for earnings reports

Dollar General (DG) and Dollar Tree (DLTR) are gearing up to unveil their financial results for the first quarter, sparking a sense of cautious hope among analysts analyzing the discount retail giants. Visible Alpha’s tracking of eight analysts revealed that Dollar General’s stock has been given a rating of “hold” by eight analysts and “buy” by five, while Dollar Tree has received a rating of “hold” from five, “buy” from four, and “sell” from one. The collective target price set for Dollar General stands at $95.31, a tad lower than its most recent closing price of $97, whereas Dollar Tree’s target price of $85.40 hovers just below its closing price of $90 and change. Dollar General is predicted to post an earnings per share (EPS) of $1.47, coupling with a 3.5% uptick in revenue to $10.26 billion year-over-year, alongside a modest 1.2% climb in comparable-store sales figure.

Market experts have been closely monitoring both retail chains amidst their move to unveil their financial performances for the first quarter of the year. Visible Alpha’s analysis of eight analysts specializing in the domain has revealed that Dollar General’s stock has garnered a “hold” rating by eight analysts and a “buy” rating by five enthusiasts. Conversely, Dollar Tree finds itself subject to analysis that has resulted in a “hold” rating from five experts, a “buy” rating from four, and a solitary “sell” recommendation. Dollar General is the subject of a collective target price of $95.31, resting slightly below its most recent stock close at $97, whereas Dollar Tree has found its target price set at $85.40, positioned just below its closing price of approximately $90.

Positioned as one of the key players in the discount retail sector, Dollar General is now prepped to showcase its earnings for the first quarter, anticipated to stand at $1.47 in earnings per share (EPS). Alongside this, the retail behemoth is projected to witness a 3.5% growth in revenue, soaring to $10.26 billion year-on-year. On the other hand, a slight boost of 1.2% in comparable-store sales figures is expected to complement Dollar General’s financial performance. As discussions within the financial community continue to churn about the forthcoming earnings reports for both Dollar General and Dollar Tree, observers remain cautiously optimistic about the future trajectory of these discount retailers in the market landscape. The analysis conducted by Visible Alpha has shed light on the prevailing sentiments among analysts, guiding stakes in these companies. While Dollar General has secured a “hold” rating by a predominant number of eight analysts, with five analysts leaning towards a “buy,” the data paints a slightly different picture for Dollar Tree. The retail chain has been allocated a “hold” rating by five market experts, while four analysts have put forth a “buy” recommendation. Amidst all these projections and anticipations, all eyes are set on how Dollar General and Dollar Tree deliver their financial reports, offering insights into their performance for the first quarter.