In the latest trading session, Dollar Tree (DLTR) closed at $66.97, marking a +1.27% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.

Coming into today, shares of the discount retailer had lost 6.27% in the past month. In that same time, the Retail-Wholesale sector lost 0.42%, while the S&P 500 gained 1.47%.

The upcoming earnings release of Dollar Tree will be of great interest to investors. The company is expected to report EPS of $1.06, up 9.28% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $7.45 billion, reflecting a 1.88% rise from the equivalent quarter last year.

DLTR's full-year Zacks Consensus Estimates are calling for earnings of $5.33 per share and revenue of $30.71 billion. These results would represent year-over-year changes of -9.51% and +0.34%, respectively.

It is also important to note the recent changes to analyst estimates for Dollar Tree. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Dollar Tree boasts a Zacks Rank of #5 (Strong Sell).

Looking at valuation, Dollar Tree is presently trading at a Forward P/E ratio of 12.41. For comparison, its industry has an average Forward P/E of 20.4, which means Dollar Tree is trading at a discount to the group.

It is also worth noting that DLTR currently has a PEG ratio of 2.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Discount Stores industry had an average PEG ratio of 2.37 as trading concluded yesterday.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 38% of all 250+ industries.