Dollar Tree, Dick's Sporting Goods And 3 Stocks To Watch Heading Into Wednesday

Dollar Tree (DLTR)

Shares of the discount store chain rose 20% in premarket trading Tuesday after the company reported better-than-expected earnings for its fiscal fourth quarter.

Dollar Tree reported adjusted earnings of $1.69 per share, beating the consensus estimate of $1.63 per share.

The company also reported a 6.1% increase in comparable-store sales, which was also ahead of the consensus estimate.

Dollar Tree has been benefiting from the inflationary environment, as consumers are increasingly turning to discount stores to save money.

Dick's Sporting Goods (DKS)

Shares of the sporting goods retailer rose 6.5% in premarket trading Tuesday after the company reported better-than-expected earnings for its fiscal fourth quarter.

Dick's Sporting Goods reported adjusted earnings of $3.63 per share, beating the consensus estimate of $3.44 per share.

The company also reported a 8.6% increase in comparable-store sales, which was also ahead of the consensus estimate.

The better-than-expected holiday sales boosted the shares.

3 Stocks To Watch Heading Into Wednesday

**1. Estee Lauder (EL)**

The cosmetics company is scheduled to report earnings after the close of trading on Wednesday.

Analysts are expecting the company to report adjusted earnings of $1.46 per share, up from $1.34 per share a year ago.

Estee Lauder has been benefiting from strong demand for its luxury beauty products.

**2. Tapestry (TPR)**

The luxury conglomerate, which owns the Coach, Kate Spade, and Stuart Weitzman brands, is also scheduled to report earnings after the close of trading on Wednesday.

Analysts are expecting the company to report adjusted earnings of $1.11 per share, up from $1.03 per share a year ago.

Tapestry has been benefiting from strong demand for its luxury handbags and accessories.

**3. Ulta Beauty (ULTA)**

The beauty retailer is scheduled to report earnings before the open of trading on Thursday.

Analysts are expecting the company to report adjusted earnings of $5.77 per share, up from $5.28 per share a year ago.

Ulta Beauty has been benefiting from strong demand for its beauty products and services.