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Family Dollar Stores Inc. (FDO), the nation's number two dollar store chain, is scheduled to discuss its financial results for the first quarter of fiscal 2010 in a conference call Wednesday, Jan. 6, at 10:00 AM (ET). You can catch the live webcast of the call on the company's website.
During the three months that ended in November, Family Dollar made management changes, didn't get its day before the Supreme Court, and announced share buybacks. Analysts surveyed by Thomson Reuters are looking for the discount retailer to report earnings for the quarter of $0.47 per share, up from $0.42 per share in the same period of last year. Revenue for the period is expected to be 4.7% higher to $1.8 billion.
Looking ahead, analysts anticipate sequential and year-over-year growth of both EPS and revenue from Family Dollar in the second quarter. The North Carolina company has beat consensus earnings estimates in most recent quarters, by as much as four cents per share.
Family Dollar's long-term EPS growth forecast is 12.8%, which is better than that of Wal-Mart Stores Inc. (WMT). Family Dollar has an earnings multiple of 12x, which is less than the retail industry average. The consensus recommendation shifted from holding to buying FDO in the past three months, with a mean price target is $31.94. Investopedia is optimistic about discount retailers such as Family Dollar.
FDO has been trading around $28.00 since early December but shares are about 2% higher than three months ago.
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