02:00 PM EDT, 06/03/2024 (MT Newswires) -- Dollarama ( DLMAF ) reports first quarter results on June 12 before market.

BMO has lowered its first quarter SSS to 6% from 7% (Street 5.6%) after considering the possibility that more normalization may have occurred than previously assumed. EPS estimate is unchanged at $0.75 (in line with Street).

According to analyst Tamy Chen, the stock's 30% YTD return has been surprising. "We continue to view the name as a blue-chip stock and believe fundamentals remain intact but do not believe there is compelling near-term risk/reward at these levels."

Dollarama ( DLMAF ) is rated Outperform, with a $133 target.

Price: 125.81, Change: -3.19, Percent Change: -2.47