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Dick's Sporting Goods (DKS) Falls More Steeply Than Broader Market: What Investors Need to Know
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Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $214.79, moving -2.14% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.3%. Elsewhere, the Dow saw a downswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.38%.
Prior to today's trading, shares of the sporting goods retailer had gained 10.96% outpaced the Retail-Wholesale sector's gain of 2.65% and the S&P 500's gain of 3.64%.
The investment community will be closely monitoring the performance of Dick's Sporting Goods in its forthcoming earnings report. In that report, analysts expect Dick's Sporting Goods to post earnings of $4.29 per share. This would mark a year-over-year decline of 1.83%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.6 billion, indicating a 3.57% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.38 per share and revenue of $13.9 billion. These totals would mark changes of +2.35% and +3.37%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 remained steady. At present, Dick's Sporting Goods boasts a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Dick's Sporting Goods has a Forward P/E ratio of 15.27 right now. This expresses no noticeable deviation compared to the average Forward P/E of 15.27 of its industry.
Meanwhile, DKS's PEG ratio is currently 3.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Retail - Miscellaneous industry was having an average PEG ratio of 2.99.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Dick's Sporting Goods (DKS) Falls More Steeply Than Broader Market: What Investors Need to Know
Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $214.79, moving -2.14% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.3%. Elsewhere, the Dow saw a downswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.38%.
Prior to today's trading, shares of the sporting goods retailer had gained 10.96% outpaced the Retail-Wholesale sector's gain of 2.65% and the S&P 500's gain of 3.64%.
The investment community will be closely monitoring the performance of Dick's Sporting Goods in its forthcoming earnings report. In that report, analysts expect Dick's Sporting Goods to post earnings of $4.29 per share. This would mark a year-over-year decline of 1.83%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.6 billion, indicating a 3.57% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.38 per share and revenue of $13.9 billion. These totals would mark changes of +2.35% and +3.37%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 remained steady. At present, Dick's Sporting Goods boasts a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Dick's Sporting Goods has a Forward P/E ratio of 15.27 right now. This expresses no noticeable deviation compared to the average Forward P/E of 15.27 of its industry.
Meanwhile, DKS's PEG ratio is currently 3.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Retail - Miscellaneous industry was having an average PEG ratio of 2.99.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.