We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DICK'S Sporting Goods, Inc. (DKS - Free Report) , the sporting goods retailer, came out with second-quarter fiscal 2016 results, wherein earnings of 82 cents per share jumped 6.5% year over year, cruising way ahead of the Zacks Consensus Estimate of 68 cents.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has shown a slight uptrend over the last 30 days. Further, in the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 4.7%.
Revenues: Dick's Sporting generated total sales of nearly $1,967.9 million that jumped 7.9% year over year, and easily beat the Zacks Consensus Estimate of $1,885 million. Further, consolidated comparable store sales (comps) for the quarter rose 2.8%.
Key Events: Dick's Sporting repurchased roughly 1.3 million shares worth $57 million during the second quarter, following which it had shares worth $1.1 billion remaining under its standing authorization.
Further, on Aug 11, 2016, management declared a quarterly cash dividend of 15.125 cents per share, payable on Sep 30, 2016 to shareholders of record as on Sep 9.
Outlook: Following the solid results, the company raised its fiscal 2016 outlook. For fiscal 2016, the company now expects earnings to range from $2.90 – $3.05 per share, up from $2.60 - $2.90 per share predicted earlier. Further, comps growth is now anticipated in a range of 2 - 3%, compared with -1% to +1% forecasted earlier.
For the third-quarter of fiscal 2016, the company envisions earnings per share to lie in the band of 39 – 42 cents, while it anticipates comps growth to range from 2% to 3%.
Zacks Rank: Currently, Dick's Sporting carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Dick's Sporting shares jumped about 5.7% during pre-market trading hours following the solid second-quarter results.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DICK'S Sporting (DKS) Tops Q2 Earnings & Sales, Stock Jumps
DICK'S Sporting Goods, Inc. (DKS - Free Report) , the sporting goods retailer, came out with second-quarter fiscal 2016 results, wherein earnings of 82 cents per share jumped 6.5% year over year, cruising way ahead of the Zacks Consensus Estimate of 68 cents.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has shown a slight uptrend over the last 30 days. Further, in the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 4.7%.
DICKS SPRTG GDS Price and EPS Surprise
DICKS SPRTG GDS Price and EPS Surprise | DICKS SPRTG GDS Quote
Revenues: Dick's Sporting generated total sales of nearly $1,967.9 million that jumped 7.9% year over year, and easily beat the Zacks Consensus Estimate of $1,885 million. Further, consolidated comparable store sales (comps) for the quarter rose 2.8%.
Key Events: Dick's Sporting repurchased roughly 1.3 million shares worth $57 million during the second quarter, following which it had shares worth $1.1 billion remaining under its standing authorization.
Further, on Aug 11, 2016, management declared a quarterly cash dividend of 15.125 cents per share, payable on Sep 30, 2016 to shareholders of record as on Sep 9.
Outlook: Following the solid results, the company raised its fiscal 2016 outlook. For fiscal 2016, the company now expects earnings to range from $2.90 – $3.05 per share, up from $2.60 - $2.90 per share predicted earlier. Further, comps growth is now anticipated in a range of 2 - 3%, compared with -1% to +1% forecasted earlier.
For the third-quarter of fiscal 2016, the company envisions earnings per share to lie in the band of 39 – 42 cents, while it anticipates comps growth to range from 2% to 3%.
Zacks Rank: Currently, Dick's Sporting carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Dick's Sporting shares jumped about 5.7% during pre-market trading hours following the solid second-quarter results.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7Best Stocks for the Next 30 Days. Click to get this free report >>