Dollar General Third Quarter Earnings Sneak Peek

Dollar General (NYSE:DG) will unveil its latest earnings on Monday, December 5, 2011. Dollar General is a discount retailer in the United States and operates convenient-sized stores that deliver everyday low prices on products that families use every day.

Dollar General Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 48 cents per share, a rise of 23.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 47 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 48 cents during the last month. For the year, analysts are projecting profit of $2.29 per share, a rise of 23.8% from last year.

Last quarter, the company came in at net income of 52 cents per share against a mean estimate of profit of 48 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.57 billion in revenue this quarter, a rise of 10.9% from the year ago quarter. Analysts are forecasting total revenue of $14.71 billion for the year, a rise of 12.8% from last year’s revenue of $13.04 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit rose 3.4% to $146 million (42 cents a share) from $141.2 million (41 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.2% to $3.58 billion from $3.21 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 15.4% in the first quarter and more than twofold in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 10.9% in the first quarter from the year earlier, climbed 9.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 10.1% in the third quarter of the last fiscal year.

Competitors to Watch: Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Dollar Tree, Inc. (NASDAQ:DLTR), Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Costco Wholesale Corp. (NASDAQ:COST), Big Lots, Inc. (NYSE:BIG), Fred’s, Inc. (NASDAQ:FRED), Gordmans Stores, Inc. (NASDAQ:GMAN), and Amazing Savings, Inc (ODDJ).

Stock Price Performance: During September 2, 2011 to November 29, 2011, the stock price had risen $3.87 (10.7%) from $36.06 to $39.93. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 9.4% (+$3.27) over that span. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six-straight days, falling 6.1% (-$1.98) over that span. Shares are up $9.26 (+30.2%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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