Dollar General DG, one of the largest discount retailers, is slated to report third-quarter fiscal 2016 results on Dec 1. The question in investors’ minds now is whether the company will be able to post a positive earnings surprise in the quarter to be reported. In the preceding quarter, Dollar General underperformed the Zacks Consensus Estimate by roughly 1%. In the trailing four quarters, it beat the Zacks Consensus Estimate by an average 3%. Let’s see how things are shaping up for this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Dollar General is likely to beat earnings estimates this fiscal quarter. This is because a stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dollar General has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 93 cents. However, the company carries a...