Dollar Tree, Inc. (NASDAQ:DLTR) discount retail stores operator, is expected to report second quarter earnings results, before market open, on Thursday 27th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.92 per share.
Looking ahead, the full year income are expected at $ 5.07 per share on the revenues of $ 25196.30 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 24,210.00 million ~ $ 24,660.00 million, where as bottomline are predicted in a range of $ 4.80 ~ $ 5.15 per share
Click Here For More Historical Outlooks Of Dollar Tree, Inc.
Previous Quarter Performance
Dollar Tree, Inc. came out with income for the first quarter of $ 1.04 per share, from the revenue of $ 6,287.00 million. The quarterly earnings reduced 8.77 percent while revenues elevated 8.70 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.91 per share from $ 6105.34 million in revenue. The bottom line results beat street analysts by $ 0.13 or 14.29 percent, at the same time, top line results outshined analysts by $ 181.66 million or 2.98 percent.
Stock Performance
Shares of Dollar Tree, Inc. traded up $ 1.60 or 1.56 percent on Wednesday, reaching $ 104.24 with volume of 3.09 million shares. Dollar Tree, Inc. has traded high as $ 104.64 and has cracked $ 102.29 on the downward trend
The closing price of $ 104.24, representing a 70.50 % increase from the 52 week low of $ 60.20 and a 14.26 % decrease over the 52 week high of $ 119.71.
The company has a market capital of $ 24.73 billion and is part of the Consumer Defensive sector and Discount Stores industry.
Recent Analyst recommendations
- On 16th July 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 115.00 target price.
Conference Call
Dollar Tree, Inc. will be hosting a conference call at 9:00 AM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 800-367-2403 (United States) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/bmp7e82p
Dollar Tree, Inc. operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar.
