What to Expect From Dollar General’s Upcoming Q3 Results?

Oppenheimer analysts provided their outlook on Dollar General Corporation (NYSE:DG) ahead of the upcoming Q3 results, scheduled to be announced on Dec 1.

The analysts expect another strong top-line delivery, but see less EPS upside potential on the print. According to the analysts, recent data points suggest a very strong grocery backdrop.

The analysts also expect the company’s value positioning to continue resonating in the current environment. Although the analysts look favorably upon the underlying momentum of the business, the company’s shares have historically struggled on prints.

The analysts view this particular report as a higher expectation setup vs. recent prints, and thus would be positioned to take advantage of any profit-taking. The analysts raised their price target to $285 from $275 while maintaining their Outperform rating.