Boston, MA 05/22/2014 (wallstreetpr) – Discount stores operator Dollar Tree, Inc. (NASDAQ:DLTR) reports its 1Q2014 financial results today Thursday, May 22. The turnaround discount store operator continues to struggle to keep its head above the water. However, unlike most of its peer and even rivals, Dollar Tree has shown remarkable improvements in its business in the recent times, signaling a good turnaround progress.
The positive progress in the company’s turnaround has not escaped the attention of Wall Street where analysts are anticipating significant improvement in the company’s performance when it reports 1Q today.
First and foremost, most analysts covering the stock have become increasingly optimistic about the business in recent times. Therefore, the company carries a “buy” recommendation at 71 percent, compared with 35 percent “buy” recommendation of nine of its peers.
1Q anticipated earnings
Analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report 1Q EPS of $0.67, suggesting 14 percent increase from EPS of $0.59 in the same period last year. As for revenue, analysts expect to see an 8 percent increase over the figures generated in the same quarter last year. The company reported 1Q2013 revenue of $1.87 billion.
Although earnings estimates on the stock remained unchanged over the past one month, EPS estimate decreased slightly over the past three months from $0.69.
Beating results become routine
Dollar Tree, Inc. (NASDAQ:DLTR) has posted encouraging if not beating results in the last four quarters. The company’s profit has grown by an average of 15 percent on a year-over-year basis over the last four quarters. It registered the strongest profit gain in the most recent quarter at 60 percent on a year-over-year basis.
Revenue has also not disappointed in the last three straight quarters. The company noted a significant revenue increase in the recent quarter of 20 percent to $2.23 billion. Dollar Tree, Inc. (NASDAQ:DLTR)’s revenue timeline reveals 20 percent increase in 4Q2013, 10 percent in 3Q2013 and 9 percent in 2Q2013.
Wall Street expect Dollar Tree, Inc. (NASDAQ:DLTR) to report EPS of $3.14 in full-year 2014 on revenue of $8.51 billion.