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Dick's Sporting Goods (DKS) Dips More Than Broader Markets: What You Should Know
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Dick's Sporting Goods (DKS - Free Report) closed at $96.83 in the latest trading session, marking a -0.77% move from the prior day. This change lagged the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.06%.
Prior to today's trading, shares of the sporting goods retailer had gained 23.6% over the past month. This has outpaced the Retail-Wholesale sector's gain of 11.4% and the S&P 500's gain of 8.78% in that time.
Dick's Sporting Goods will be looking to display strength as it nears its next earnings release, which is expected to be August 23, 2022. The company is expected to report EPS of $3.51, down 30.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.07 billion, down 6.16% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.77 per share and revenue of $11.82 billion, which would represent changes of -31.4% and -3.82%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dick's Sporting Goods. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.34% lower within the past month. Dick's Sporting Goods currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Dick's Sporting Goods has a Forward P/E ratio of 9.06 right now. This represents a discount compared to its industry's average Forward P/E of 11.31.
Also, we should mention that DKS has a PEG ratio of 1.81. 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 1.59 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 10% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Dick's Sporting Goods (DKS) Dips More Than Broader Markets: What You Should Know
Dick's Sporting Goods (DKS - Free Report) closed at $96.83 in the latest trading session, marking a -0.77% move from the prior day. This change lagged the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.06%.
Prior to today's trading, shares of the sporting goods retailer had gained 23.6% over the past month. This has outpaced the Retail-Wholesale sector's gain of 11.4% and the S&P 500's gain of 8.78% in that time.
Dick's Sporting Goods will be looking to display strength as it nears its next earnings release, which is expected to be August 23, 2022. The company is expected to report EPS of $3.51, down 30.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.07 billion, down 6.16% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.77 per share and revenue of $11.82 billion, which would represent changes of -31.4% and -3.82%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dick's Sporting Goods. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.34% lower within the past month. Dick's Sporting Goods currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Dick's Sporting Goods has a Forward P/E ratio of 9.06 right now. This represents a discount compared to its industry's average Forward P/E of 11.31.
Also, we should mention that DKS has a PEG ratio of 1.81. 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 1.59 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 10% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.