Dollar General Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Dollar General Corporation (NYSE:DG) is expected to report Q3 fiscal 2023 earnings of $1.19 per share, down from $2.33 per share a year ago, with revenue estimated at $9.65 billion. The company appointed Todd Vasos as new CEO and updated its FY23 financial guidance in October. Ahead of the earnings call, analysts have revised their price targets and ratings for DG, with mixed adjustments reflecting a cautious outlook. DG shares rose 0.4% to close at $133.92 on Wednesday.
December 07, 2023 | 6:12 am
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Dollar General is anticipated to report lower earnings per share in Q3 compared to last year, with analysts adjusting price targets and maintaining varied ratings. The company's stock price saw a slight increase prior to the earnings release.
The anticipation of lower earnings per share may temper investor expectations, but the recent appointment of a new CEO and updated financial guidance could be seen as positive signs. The mixed analyst ratings and price target revisions indicate uncertainty, which could lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100