Market Overview

Retail Earnings Calls To Watch On Thursday: GameStop & Dollar General

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Shares of GameStop Corp. (NYSE: GME) and Dollar General Corp. (NYSE: DG) rose more than 3 percent on Wednesday, ahead of the companies’ second-quarter financial results, scheduled for Thursday. Let’s take a look at what the Street and the crowd are expecting.

Dollar General

Dollar General will report its earnings on Thursday before the market opens, and is expected to deliver a year-over-year increase in earnings of at least 13 percent.

For the current quarter, the Street is modeling consensus earnings of $0.94 per share on revenue of $5.14 billion, while the crowd is anticipating consensus earnings of $0.96 per share on revenue of $5.112 billion (Estimize).

These figures compare to earnings of $0.83 per share on revenue of $4.724 billion registered a year ago, and earnings of $0.84 per share on sales of $4.9191 billion retrieved last quarter.

GameStop

GameStop will report earnings after the market closes and management guided for earnings around $0.23 per share, up 4.5 percent year-over-year.

In the second quarter of 2014, earnings came in at $0.22 per share, and revenue at $1.73 billion. Last quarter, EPS rose to $0.68 and revenue to $2.061 billion. For the second quarter of 2015, the Street expects earnings of $0.24 per share on sales of $1.727 billion, and the crowd expects EPS of $0.27 on sales of $1.749 billion (Estimize).

As the chart above illustrates, sentiment has been surging as the earnings call got closer. Estimates now stand at their highest.

Posted-In: EstimizePreviews Crowdsourcing Trading Ideas General

 

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