For the current quarter, the 26.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.09 a share, which would compare with $0.95 in the same quarter last year. They have a high estimate of $1.12 and a low estimate of $1.07. Revenue for the period is expected to total nearly $5.50B from $5.10B the year-ago period.
For the full year, 28.00 Wall Street analysts forecast this company would deliver earnings of 4.64 per share, with a high estimate of $4.71 and a low estimate of $4.55. It had reported earnings per share of $3.96 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $22.39B versus 20.37B in the preceding year.
The analysts project the company to maintain annual growth of around 14.31% percent over the next five years as compared to an average growth rate of 12.11% percent expected for its competitors in the same industry.
Among the 24 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for DG is $98.53 but some analysts are projecting the price to go as high as $107.00. If the optimistic analysts are correct, that represents a 17 percent upside potential from the recent closing price of $91.69. Some sell-side analysts, particularly the bearish ones, have called for $92.00 price targets on shares of Dollar General Corp. (NYSE:DG).
In the last reported results, the company reported earnings of $0.95 per share, while analysts were calling for share earnings of $0.94. It was an earnings surprise of 1.10%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It also provides seasonal products, including decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition, the company offers apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. As of March 23, 2016, it operated 12,483 stores located in 43 states. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.
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