Dollar Tree Analysts Slash Their Forecasts After Downbeat Q4 Earnings
Portfolio Pulse from Avi Kapoor
Dollar Tree, Inc. (NASDAQ:DLTR) reported Q4 FY23 results below expectations with sales growth of 11.9% to $8.63 billion and adjusted EPS of $2.55, missing estimates. The company also provided FY24 guidance with net sales of $31 billion to $32 billion and adjusted EPS of $6.70 to $7.30, both below consensus estimates. Following the report, Dollar Tree shares dropped 14.2%. Analysts from JP Morgan, Truist Securities, and Telsey Advisory Group adjusted their price targets accordingly.
March 14, 2024 | 12:50 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dollar Tree reported lower than expected Q4 FY23 results and provided FY24 guidance below analyst estimates, leading to a 14.2% drop in its stock price. Analysts have adjusted their price targets in response.
The significant miss in both quarterly earnings and future guidance directly impacts investor sentiment and stock valuation. The immediate stock price drop reflects the market's reaction to the negative news. Analysts' adjustments to price targets further validate the expected negative short-term impact on DLTR's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100