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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 at $233.51 in the latest trading session, marking a +1.71% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 1.11%, while the tech-heavy Nasdaq added 11.35%.
Heading into today, shares of the discount retailer had lost 1.68% over the past month, lagging the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 4.49% in that time.
Wall Street will be looking for positivity from Dollar General as it approaches its next earnings report date. In that report, analysts expect Dollar General to post earnings of $3.24 per share. This would mark year-over-year growth of 26.07%. Meanwhile, our latest consensus estimate is calling for revenue of $10.32 billion, up 19.26% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Dollar General. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.9% lower. Dollar General is currently a Zacks Rank #4 (Sell).
Digging into valuation, Dollar General currently has a Forward P/E ratio of 18.91. Its industry sports an average Forward P/E of 22.69, so we one might conclude that Dollar General is trading at a discount comparatively.
We can also see that DG currently has a PEG ratio of 1.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.99 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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 at $233.51 in the latest trading session, marking a +1.71% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 1.11%, while the tech-heavy Nasdaq added 11.35%.
Heading into today, shares of the discount retailer had lost 1.68% over the past month, lagging the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 4.49% in that time.
Wall Street will be looking for positivity from Dollar General as it approaches its next earnings report date. In that report, analysts expect Dollar General to post earnings of $3.24 per share. This would mark year-over-year growth of 26.07%. Meanwhile, our latest consensus estimate is calling for revenue of $10.32 billion, up 19.26% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Dollar General. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.9% lower. Dollar General is currently a Zacks Rank #4 (Sell).
Digging into valuation, Dollar General currently has a Forward P/E ratio of 18.91. Its industry sports an average Forward P/E of 22.69, so we one might conclude that Dollar General is trading at a discount comparatively.
We can also see that DG currently has a PEG ratio of 1.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.99 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.