Dollar General Corporation, headquartered in Goodlettsville, Tennessee, is gearing up to announce its third-quarter earnings before the market opens on Thursday, Dec. 5. Analysts are anticipating the company to disclose earnings of 94 cents per share for the quarter, a decline from the $1.26 per share reported in the same period last year. The anticipated quarterly revenue for Dollar General is $10.14 billion, showing growth from the previous year's $9.69 billion, as stated by data from Benzinga Pro.
In the second quarter, Dollar General's earnings per share were reported at $1.70, falling short of the analyst consensus of $1.78. The company's sales for the quarter were $10.21 billion, up by 4.2% from the previous year, but still below the street's expectation of $10.368 billion. Despite missing expectations, Dollar General's shares saw a 0.6% increase, closing at $79.50 on Wednesday. Additionally, various analysts have been assessing the company's performance, with differing viewpoints on its stock rating and price targets in recent months. For example, Telsey Advisory Group's Joseph Feldman maintained a Market Perform rating and lowered the price target from $103 to $90, highlighting an accuracy rate of 72%. Similarly, analysts like Kelly Bania from BMO Capital and Matthew Boss from JP Morgan have also adjusted their ratings and price targets based on their analysis. Paul Lejeuz from Citigroup even downgraded the stock from Neutral to Sell, with a reduced price target from $91 to $73, showcasing analysts' diverse views on Dollar General's future performance.