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Founded in 1948 and headquartered in Pittsburgh, PA, DICK’s Sporting Goods(DKS - Free Report) is a full-line sporting goods retailer. The company offers athletic shoes, apparel, accessories and a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, water sports, etc.
Disappointing Results
The company posted Q2 FY2017 adjusted earnings of 96 cents per share, which missed the Zacks Consensus Estimate of $1.00 and were also below the company’s guidance range of $1.02–$1.07 per share. Consolidated comps also missed the company’s forecast of 2-3% increase.
The company also cut its fiscal 2017 guidance. They now expect adjusted earnings in the range of $2.80-$3 per share compared with $3.65-$3.75, guided earlier.
Falling Estimates
Analysts have lowered their estimates significantly after disappointing results and guidance. Zacks Consensus Estimates for the current and next fiscal year have plunged to $2.92 per share and $2.88 per share from $3.60 and $3.92 respectively, before the results.
Dick's Sporting Goods Inc Price, Consensus and EPS Surprise
Most retailers are going through a lot of pain thanks to the rising trend for online shopping, particularly on Amazon. The stock is now down about 55% year-to-date but a rebound doesn’t appear likely anytime soon given Zacks stock rank of #5 (Strong Sell) and industry and sector ranks in the bottom 14% and 13% respectively.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
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Bear of the Day: DICK's Sporting Goods (DKS)
Founded in 1948 and headquartered in Pittsburgh, PA, DICK’s Sporting Goods (DKS - Free Report) is a full-line sporting goods retailer. The company offers athletic shoes, apparel, accessories and a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, water sports, etc.
Disappointing Results
The company posted Q2 FY2017 adjusted earnings of 96 cents per share, which missed the Zacks Consensus Estimate of $1.00 and were also below the company’s guidance range of $1.02–$1.07 per share. Consolidated comps also missed the company’s forecast of 2-3% increase.
The company also cut its fiscal 2017 guidance. They now expect adjusted earnings in the range of $2.80-$3 per share compared with $3.65-$3.75, guided earlier.
Falling Estimates
Analysts have lowered their estimates significantly after disappointing results and guidance. Zacks Consensus Estimates for the current and next fiscal year have plunged to $2.92 per share and $2.88 per share from $3.60 and $3.92 respectively, before the results.
Dick's Sporting Goods Inc Price, Consensus and EPS Surprise
Dick's Sporting Goods Inc Price, Consensus and EPS Surprise | Dick's Sporting Goods Inc Quote
The Bottom Line
Most retailers are going through a lot of pain thanks to the rising trend for online shopping, particularly on Amazon. The stock is now down about 55% year-to-date but a rebound doesn’t appear likely anytime soon given Zacks stock rank of #5 (Strong Sell) and industry and sector ranks in the bottom 14% and 13% respectively.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>