Dillard’s Nails Earnings But Market Cycles May Reward Patience

Dillard’s (DDS ) opened today’s trading session in spectacular fashion, popping 16% to over $82 on strong earnings.

DDS reported adjusted earnings per share of $2.82 and total revenue of $2.06 billion, compared to Wall Street expectations of $1.82 and $2.05 billion respectively. This was achieved by strong performance in same-store sales of 3% as well as ladies, juniors, and children’s apparel.

Dillard’s stock is currently near significant resistance. It may be over-extended. I expect a pullback into April, below $75, that could prove to be a buying opportunity. The market cycles are designated by the purple semicircles at the bottom of the chart.

Dillard’s (DDS) Chart with Weekly Bars

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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