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Dick's Sporting Goods (DKS) Stock Moves -0.37%: What You Should Know
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Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $94.85, moving -0.37% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.59%.
Prior to today's trading, shares of the sporting goods retailer had gained 3.82% over the past month. This has outpaced the Retail-Wholesale sector's gain of 0.09% and the S&P 500's gain of 2.53% in that time.
Investors will be hoping for strength from DKS as it approaches its next earnings release. The company is expected to report EPS of $2.60, down 19% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.81 billion, up 3.46% from the prior-year quarter.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $8.92 per share and revenue of $10.82 billion. These results would represent year-over-year changes of +45.75% and +12.92%, respectively.
Investors should also note any recent changes to analyst estimates for DKS. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 4.28% higher within the past month. DKS is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, DKS is holding a Forward P/E ratio of 10.68. This valuation marks a discount compared to its industry's average Forward P/E of 15.55.
We can also see that DKS currently has a PEG ratio of 1.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous industry currently had an average PEG ratio of 1.36 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DKS in the coming trading sessions, be sure to utilize Zacks.com.
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Dick's Sporting Goods (DKS) Stock Moves -0.37%: What You Should Know
Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $94.85, moving -0.37% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.59%.
Prior to today's trading, shares of the sporting goods retailer had gained 3.82% over the past month. This has outpaced the Retail-Wholesale sector's gain of 0.09% and the S&P 500's gain of 2.53% in that time.
Investors will be hoping for strength from DKS as it approaches its next earnings release. The company is expected to report EPS of $2.60, down 19% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.81 billion, up 3.46% from the prior-year quarter.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $8.92 per share and revenue of $10.82 billion. These results would represent year-over-year changes of +45.75% and +12.92%, respectively.
Investors should also note any recent changes to analyst estimates for DKS. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 4.28% higher within the past month. DKS is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, DKS is holding a Forward P/E ratio of 10.68. This valuation marks a discount compared to its industry's average Forward P/E of 15.55.
We can also see that DKS currently has a PEG ratio of 1.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous industry currently had an average PEG ratio of 1.36 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DKS in the coming trading sessions, be sure to utilize Zacks.com.