Dollar Tree Inc reports results for the quarter ended July 31 - Earnings Summary

• Dollar Tree Inc DLTR reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 32 cents to 57 cents per share.

• Revenue fell 38.1% to $4.57 billion from a year ago; analysts expected $4.48 billion.

• Dollar Tree Inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $188.4 million.

• Dollar Tree Inc shares had risen by 12.4% this quarter and gained 48.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the discount stores peer group is "buy."

• Wall Street's median 12-month price target for Dollar Tree Inc is $110.00, about 1.2% below its last closing price of $111.35

This summary was machine generated from LSEG data September 3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)