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Dollar Tree (DLTR) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest market close, Dollar Tree (DLTR - Free Report) reached $97, with a -0.98% movement compared to the previous day. This change lagged the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 1.47%.
The discount retailer's stock has dropped by 4.55% in the past month, falling short of the Retail-Wholesale sector's gain of 2.12% and the S&P 500's gain of 0.27%.
Investors will be eagerly watching for the performance of Dollar Tree in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on September 4, 2024. On that day, Dollar Tree is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 15.38%. Alongside, our most recent consensus estimate is anticipating revenue of $7.51 billion, indicating a 2.56% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.58 per share and a revenue of $31.23 billion, demonstrating changes of +11.71% and +2.05%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Dollar Tree. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.69% lower. Right now, Dollar Tree possesses a Zacks Rank of #4 (Sell).
From a valuation perspective, Dollar Tree is currently exchanging hands at a Forward P/E ratio of 14.89. This represents a discount compared to its industry's average Forward P/E of 22.06.
We can additionally observe that DLTR currently boasts a PEG ratio of 1.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 181, placing it within the bottom 29% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Dollar Tree (DLTR) Stock Drops Despite Market Gains: Important Facts to Note
In the latest market close, Dollar Tree (DLTR - Free Report) reached $97, with a -0.98% movement compared to the previous day. This change lagged the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 1.47%.
The discount retailer's stock has dropped by 4.55% in the past month, falling short of the Retail-Wholesale sector's gain of 2.12% and the S&P 500's gain of 0.27%.
Investors will be eagerly watching for the performance of Dollar Tree in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on September 4, 2024. On that day, Dollar Tree is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 15.38%. Alongside, our most recent consensus estimate is anticipating revenue of $7.51 billion, indicating a 2.56% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.58 per share and a revenue of $31.23 billion, demonstrating changes of +11.71% and +2.05%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Dollar Tree. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.69% lower. Right now, Dollar Tree possesses a Zacks Rank of #4 (Sell).
From a valuation perspective, Dollar Tree is currently exchanging hands at a Forward P/E ratio of 14.89. This represents a discount compared to its industry's average Forward P/E of 22.06.
We can additionally observe that DLTR currently boasts a PEG ratio of 1.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 181, placing it within the bottom 29% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.