Dollar General (DG) Stock Jumps 5.1%: Will It Continue to Soar?

Dollar General DG shares ended the last trading session 5.1% higher at $71.94. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.3% loss over the past four weeks.Dollar General's stock gained traction, supported by easing inflationary pressures and no news on the tariff front.This discount retailer is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of -18.6%. Revenues are expected to be $10.26 billion, up 4% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Dollar General, the consensus EPS estimate for the quarter has been revised marginally lower over the last 60 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on DG going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Dollar General belongs to the Zacks Retail - Discount Stores industry. Another stock from the same industry, TJX TJX, closed the last trading session 1.2% higher at $123.30. Over the past month, TJX has returned 0.1%.TJX's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.15. Compared to the company's year-ago EPS, this represents a change of +2.7%. TJX currently boasts a Zacks Rank of #3 (Hold).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dollar General Corporation (DG): Free Stock Analysis Report The TJX Companies, Inc. (TJX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks