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Dick's Sporting Goods (DKS) Stock Moves -0.21%: What You Should Know
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In the latest trading session, Dick's Sporting Goods (DKS - Free Report) closed at $105.70, marking a -0.21% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.08%.
Prior to today's trading, shares of the sporting goods retailer had gained 7.89% over the past month. This has outpaced the Retail-Wholesale sector's loss of 4.25% and the S&P 500's gain of 2.93% in that time.
DKS will be looking to display strength as it nears its next earnings release, which is expected to be August 25, 2021. The company is expected to report EPS of $2.65, down 17.45% 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.96 per share and revenue of $10.82 billion. These totals would mark changes of +46.41% and +12.92%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DKS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% higher. DKS is currently a Zacks Rank #2 (Buy).
Looking at its valuation, DKS is holding a Forward P/E ratio of 11.82. This represents a discount compared to its industry's average Forward P/E of 15.14.
Also, we should mention that DKS has a PEG ratio of 1.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 -0.21%: What You Should Know
In the latest trading session, Dick's Sporting Goods (DKS - Free Report) closed at $105.70, marking a -0.21% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.08%.
Prior to today's trading, shares of the sporting goods retailer had gained 7.89% over the past month. This has outpaced the Retail-Wholesale sector's loss of 4.25% and the S&P 500's gain of 2.93% in that time.
DKS will be looking to display strength as it nears its next earnings release, which is expected to be August 25, 2021. The company is expected to report EPS of $2.65, down 17.45% 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.96 per share and revenue of $10.82 billion. These totals would mark changes of +46.41% and +12.92%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DKS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% higher. DKS is currently a Zacks Rank #2 (Buy).
Looking at its valuation, DKS is holding a Forward P/E ratio of 11.82. This represents a discount compared to its industry's average Forward P/E of 15.14.
Also, we should mention that DKS has a PEG ratio of 1.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.