Dollar General Stock Eyes Golden Cross Ahead Of Q4 Earnings
Portfolio Pulse from Surbhi Jain
Dollar General Corp (NYSE:DG) is set to report its Q4 earnings on March 14, with Wall Street expecting $1.75 EPS and $9.78 billion in revenues. The stock has seen a significant recovery, up 55% since Oct. 2, 2023, and about 19% in 2024 so far. A Golden Cross is about to be triggered, indicating a bullish trend reversal. Analyst consensus rates the stock as Neutral with a price target of $134.07, though recent reviews suggest a target of $155-$158. The stock closed at $161.22 on March 12.
March 13, 2024 | 1:30 pm
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Dollar General is poised for its Q4 earnings report with expectations of $1.75 EPS and $9.78 billion in revenues. The stock has recovered significantly, up 55% since Oct. 2, 2023, and is about to trigger a Golden Cross, indicating a bullish trend.
The anticipation of Q4 earnings, combined with the technical indicator of a Golden Cross, suggests a bullish sentiment towards DG. The stock's significant recovery and the analysts' price targets further support a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100