Dollar General Share Drops After Recent Quarter Result

Dollar General (DG) stock price showing a bearish trend near the release of its recent quarter earnings report. DG stock dropped 12.19% in the recent 1 day of trading session pushing its price to mark a 52-week low at $128.48. DG share price lost $19.23 which led its trading price to close at $138.50 on August 31, 2023, yesterday’s trading session.

Will DG Stock Price Continue Recent Market Trend?

After recent quarter results, Dollar General’s stock price dropped down from its 20-day EMA. The stock price noted over 19 Million in volume in just 1 day which showed bulls’ dominance. The stock price may have shown a declining chart but bulls’ activity holds its price to trade near $138.50.

As DG’s share price showed a downward market trend, the RSI further reached the oversold zone. Notably since the last 1 year, DG stock price has been following a bearish trend that showed over 41% price drop which reached 44% in year-to-date (YTD) price analysis.

At press time, its pre-market price further showed more price decline. If this trend stays during the trading session then the DG stock price drops more from its recent closing price. But as bulls have shown their dominance recently, it’ll become quite tough for DG stock price to follow the bearish trend.

DG Stock: Dollar General Share Drops After Recent Quarter Result
Source: Price Target of DG Stock by TradingView

The one-year price target set by analysts is showing at $160.83, up over 16% from the recent closing price of DG stock. Their maximum estimate is showing at $210.00 whereas the minimum estimate is $128.00. In the past 3 months, analysts have given a “buy” rating to Dollar General Corp.

Q2 Earnings Highlights of Dollar General Corp.

Dollar General Corporation (NYSE: DG), an American variety store company, has a market cap of nearly $30.37 Billion. On August 31, 2023, Thursday, the company reported its Q2 2023 earnings result. According to this, its net income in the recent quarter was $468.83 Million.

Dollar General price-to-sales ratio is 0.89 while it has an Enterprise Value to EBITDA ratio of 12.36. Its dividends are paid quarterly and the next dividend per share is expected to be $0.59. As of today, the  Dividend Yield (TTM)% is 1.65%.

Dollar General Corp.’s earnings per share (EPS) of Q2 2023 is $2.13 whereas the estimation was $2.47 which accounts for a negative 13.81% surprise. The revenue report amounts to $9.80 Billion despite the estimated figure of $9.93 Billion.

For the upcoming quarter, the estimated EPS is $1.63, and revenue is expected to reach $9.78 Billion. Additionally, in 2022, the revenue of Dollar General Corporation amounted to $37.84 Billion. Most of which — $30.16 Billion  — came from its highest performing source at the moment, “consumables”.


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