Dollar General Corporation Earnings Estimate Raised by 5.4%
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Earnings Estimate Increase: Dollar General Corporation (DG) has seen its current year earnings Zacks Consensus Estimate rise by 5.4% over the past 60 days, indicating sustained competitiveness in the discount retail market, which could drive stock price appreciation.
- PEG Ratio Advantage: Dollar General's PEG ratio stands at 2.60, lower than the industry average of 3.22, highlighting its relative valuation attractiveness, which may draw more investor interest and enhance market confidence.
- Growth Potential: Dycom Industries, Inc. (DY) has experienced a 7% increase in its current year earnings Zacks Consensus Estimate over the last 60 days, indicating strong growth potential in the specialty contracting services sector, which could yield substantial returns for investors.
- Semiconductor Industry Leader: Micron Technology, Inc. (MU) has seen an impressive 89% increase in its current year earnings Zacks Consensus Estimate over the past 60 days, showcasing its robust performance in the semiconductor industry, likely attracting more investor attention and driving stock price growth.
Analyst Views on DG
Wall Street analysts forecast DG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DG is 123.50 USD with a low forecast of 112.00 USD and a high forecast of 139.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 144.000
Low
112.00
Averages
123.50
High
139.00
Current: 144.000
Low
112.00
Averages
123.50
High
139.00
About DG
Dollar General Corporation is a discount retailer. The Company offers merchandise, including consumable items, seasonal items, home products and apparel. Its merchandise includes brands from manufacturers, as well as its own private brand selections with prices at discounts to brands. Its consumables category includes paper and cleaning products, packaged food, perishables, snacks, health and beauty, pet, and tobacco products. Its seasonal products include holiday items, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Its home products include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. The Company’s apparel products include basic items for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
