Ahead of upcoming earnings, Deutsche Bank provided color on Dollar General DG and Best Buy BBY.
In the report, Deutsche Bank states, "Both DG and BBY report 4Q10 earnings next week, with DG reporting on Tuesday, March 22nd and BBY reporting on Thursday, March 24th. We are forecasting EPS of $0.58 for DG vs consensus of $0.59, and EPS of $1.83 for BBY vs consensus of $1.85. We maintain our Buy rating on BBY based on potential sales rebounds on an improving macro environment, and our Hold rating on DG as we believe that DG is further along in its fundamental recovery vs the overall group, which translates into lower growth rates going forward."
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