Dollar General (DG) Q3 Earnings: Is a Beat in the Cards?
Dollar General Corporation (DG) is scheduled to report third-quarter fiscal 2017 results on Dec 7. In the preceding quarter, the company delivered a positive earnings surprise of 0.9%.
The current Zacks Consensus Estimate for the quarter is 94 cents, up nearly 6% year over year. Analysts polled by Zacks anticipate revenues of $5,803 million, up roughly 9% from the year-ago quarter.
Well the obvious question that comes to mind is whether Dollar General will be able to post positive earnings surprise in the quarter under review. Let’s take a look at factors influencing the quarter.
We believe the company’s results in the quarter to be reported will be driven by the buyout of 285 Acquired Stores. Earlier, the company raised fiscal 2017 outlook primarily due to recent store buyout deal.
Dollar General Stock Eyeing Record Highs Ahead Of Earnings
Although earnings season has all but wrapped up, there are still a few stragglers who have yet to step up to the plate. One such company is bargain retailer Dollar General Corp. (NYSE:DG), which reports earnings before the open tomorrow, and hopes to keep pace with its surging sector rival Dollar Tree (DLTR).
Below, we will take a look at Dollar General’s earnings history, and examine how analysts and options traders are playing DG stock ahead of earnings. Dollar General shares have a solid history of post-earnings price action, finishing the subsequent session higher in five of the past eight quarters.
Over the past eight quarters, the security has averaged a single- session post-earnings move of 6.8%, including a 6.5% boost in June.
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FSLR-First Solar popped above the $62 breakout. The stock price closed weak (from the days high) but remained above $63. Game planning a $63.75 buy stop for a new swing trade long. Stop loss comes in on a close below $62, with a profit target to sell at $71.75
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Stock Market Sector Performance
Stocks to Trade | Thursday Edition 12-7-17
Bullish Momentum: DVA, X, NTNX, TSLA, TMUS
Bearish Momentum: nfx, dvn, apa, hes, eqt, chtr, mnk
Bullish Order Flow: DVA, ROKU, NTNX, W, ESRX, BA, AMZN, DG, MCD, CAT, HON, CF, UNP, LB, MAR, KSS, ROST, COST, DLTR, CVX, TJX, DE, VLO, HD, TSCO
Bearish Order Flow: hsic, eqt, chtr, momo, expe, swks, wdc, ea, agn
Double Normal Volume: RGC, IMMU, EIX, DVA, DLPH, AET, CC, SWKS
Inside Days: mu, wfc, amat, jpm, nvda, ebay, kr, tgt, nflx, dhi, phm, ea, jnpr, fox, gps, wdc, vlo, gis, amzn, utx, omc, bidu