Jim Cramer Is Watching Dollar Tree Earnings on Tuesday

TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer awaits earnings from Dollar Tree, which are released before the markets open on Tuesday.
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer awaits earnings from Dollar Tree (DLTR), which are released before the markets open on Tuesday. Analysts expect the Chesapeake, VA-based discount retailer to post fourth quarter earnings per share of $1.07 with revenue of $5.41 billion. During the same quarter a year ago, the company posted net income of $1.16 a share on sales of $2.48 billion. ‘The value component is doing very well,’ Cramer said. ‘I continue to think that’s the segment you want to be in. I like what’s happened to Dollar Tree in the last three months with Family Dollar.’ Shares of Dollar Tree rose 7.8% over the past three months and 5.5% since the start of the year. The broad S&P 500 lost 4.4% year-to-date. Last summer, the Dollar Tree’s roughly $9 billion acquisition of rival Family Dollar closed, after the combined company appeased regulators by shedding more than 300 Family Dollar locations in 35 states.