Dollar Tree (DLTR) stock rises slightly but underperforms market, upcoming earnings report expected

From Nasdaq: 2024-05-24 18:00:07

In the latest trading session, Dollar Tree (DLTR) closed at $115.37, a 0.67% increase from the previous day, lagging behind the S&P 500’s gain. The discount retailer’s shares declined by 5.83% over the past month, underperforming the sector. Investors are anticipating Dollar Tree’s upcoming earnings report on June 5, 2024, with estimated earnings per share of $1.43.

Analysts expect Dollar Tree to post earnings of $1.43 per share in its upcoming earnings report, a 2.72% decline year-over-year. The Zacks Consensus Estimates forecast earnings of $6.88 per share for the full year. Dollar Tree currently holds a Zacks Rank of #3 (Hold) and is trading at a Forward P/E ratio of 16.67, indicating a discount compared to its industry average.

Interested investors should note that DLTR’s industry, Retail – Discount Stores, has an average PEG ratio of 1.99, while DLTR has a PEG ratio of 1.12. The industry is ranked in the bottom 37% of all industries, according to the Zacks Industry Rank. Be sure to monitor these stock-influencing metrics and more on Zacks.com. If you’re curious about stock performance based on the election results, Zacks offers a free Special Report with 5 high potential stocks for both Democratic and Republican wins.



Read more at Nasdaq: Dollar Tree (DLTR) Rises Yet Lags Behind Market: Some Facts Worth Knowing