Dollar General Stock Eyes Golden Cross Ahead Of Q4 Earnings

Dollar General Corp DG will be reporting its fourth-quarter earnings on March 14. Wall Street expects $1.75 in EPS and $9.78 billion in revenues as the company reports before market hours.

After plummeting for the first three quarters in 2023, Dollar General stock recovered and is up 55% since Oct. 2, 2023. In 2024 so far, the stock had returned about 19% to investors. The stock is now on the heels of triggering a Golden Cross.

As the Goodlettsville, Tennessee-based company prepares to report Q4 earnings, let’s take a look at what the technical setup looks like, and how the stock currently maps against Wall Street estimates.

Dollar General stock is just about to trigger a Golden Cross ahead of Q4 earnings due on March 14.

As can be seen on the chart above, its 50-day simple moving average (SMA) (yellow line) is just about to cross above the 200-day SMA (blue line), validating the bullish trend reversal the stock has witnessed over the past six months.

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A Golden Cross forming just ahead of the company’s eagerly anticipated Q4 earnings, is likely to pique the interest of investors. The technical signal typically indicates a shift in market sentiment towards optimism regarding the stock’s future performance.

With the impending earnings release poised to provide further insights into Dollar General’s financial health and prospects, the timing of a Golden Cross could amplify investor anticipation and influence trading activity surrounding the stock.

Dollar General Analysts Consensus Ratings

Ratings & Consensus Estimates: The consensus analyst rating on the company’s stock stands at a Neutral currently with a price target of $134.07. Reviews received by the stock in March have a price target of $155-$158 on the stock.

DG Price Action: Dollar General stock was at $161.22 at the close of trading day on March 12.

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