PREVIEW: Dollar General seen reporting rev, EPS increase in results early Thursday

Shares of Dollar General DG.N are up 1% on Wed, with the discount retailer seen reporting an increase in rev and EPS in its quarterly results, due before the bell on Thurs

Shares of fellow discount retailer Dollar Tree DLTR.O were up 4.4% on Wed after the co raised its annual profit forecast and beat quarterly estimates

Analysts expect Dollar General to report Q3 rev of $10.64 bln vs $10.18 bln in the yr-ago period, and adj EPS of 95 cents vs 89 cents a yr ago, according to LSEG

Investors will be anxious to hear what Dollar General has to say about consumer spending. A record number of U.S. customers shopped from Thanksgiving to Cyber Monday, according to the National Retail Federation, although strategists have expressed concern that rising prices are affecting consumers, especially those from low- and middle-income households

The median 12-mo PT on DG is $120.00; the stock was last at $111.11

Analyst recommendations on DG include 12 "strong buy" or "buy" ratings and 18 "hold" ratings

Including the move on the session, DG is up about 46% YTD compared with a roughly 16% gain in the S&P 500 .SPX over that period