Earnings released at 4:05pm ET on Monday (6/4) - what do you expect?
I have two observations that I am hoping folks will comment on.
My concern is that both my observations indicate DG will miss the consensus estimate of $0.60 per share for Q1 2013 when they release their earning at 4:05pm ET on 6/4. I am long this stock and hope I am wrong, but I just want to know if I should sell on Monday in advance of the earnings call after the bell?
My first observation: When DG reported their earnings for Q1 2012 a year ago they missed by $0.02 and that sent the stock down from $35.07 on 5/31/11 to $31.81 on 6/1/11 (9.3% drop). Is it possible that Q1 for DG is seasonally slow?
My second observation: I looked at the past 5 earnings calls and all of them had the conference call at 10:00am ET. Why is this call scheduled for after the bell on 6/4? Could that indicate they know they are going to miss the $0.60 street estimate?
Again, I am long this stock, but I do not want to get surprised Tuesday morning. Please comment on my two observations. Thanks!
I think miss by 2 cent or make by 2 cents is all a little too exact and can be effected so easily. A small error in the inventory count or a credit card payment made prior to the week-end cut-off but not counted until after, and a million other things can make the difference. Whether or good or bad, pay no mind to such trivials and keep your mind on the big picture which can't be measured quarter to quarter.
"Whether or good or bad, pay no mind to such trivials and keep your mind on the big picture which can't be measured quarter to quarter."
.....yep!....and here's the big picture: IMHO our economy is entering a slowdown that hasn't been seen since the 1930s...we'll be lucky if there's not food riots before it's all over...DG is going to be picking up a whole new class of shoppers that previously wouldn't be caught dead in a dollar store....there's an old saying about the dollar store business. When times are good, they make money. When times are bad, they REALLY make money!