Dollar Tree (DLTR) lost some of its green leaves this morning, with the stock falling by 16% on less than enthusiastic earnings results.
The company reported adjusted earnings per share of $1.89 and total revenue of $6.4 billion, compared to Wall Street estimates of $1.90 per share and revenue of $6.4 billion.
Same store sales increased by 2.4% versus estimates of 2.73%, and management expects revenue of between $5.5 and $5.6 billion for this quarter, compared to estimates of $5.59 billion. All inline, but failing to “beat” expectations.
We identified Dollar Tree stock as one of our “Riskiest for 2018” in our New Year’s Special video below.
Looking at the market cycles on its weekly chart, we expect another month of risk in this downdraft, with possible resistance at $85 and $76.
The market cycles are designated by the black semicircles at the bottom of the chart.
Dollar Tree (DLTR) Stock Chart with Weekly Bars
askSlim Market Week – New year’s Special Video:
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