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Dick's Sporting Goods (DKS) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Dick's Sporting Goods (DKS - Free Report) closed at $220.76, marking a -2.14% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.99%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq lost 1.58%.
Coming into today, shares of the sporting goods retailer had lost 3.12% in the past month. In that same time, the Retail-Wholesale sector lost 1.6%, while the S&P 500 gained 3.59%.
Market participants will be closely following the financial results of Dick's Sporting Goods in its upcoming release. The company is predicted to post an EPS of $2.71, indicating a 1.45% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.19 billion, showing a 4.25% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.39 per share and revenue of $14 billion, which would represent changes of +2.42% and +4.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% higher. Dick's Sporting Goods is currently a Zacks Rank #3 (Hold).
In terms of valuation, Dick's Sporting Goods is presently being traded at a Forward P/E ratio of 15.68. This represents no noticeable deviation compared to its industry average Forward P/E of 15.68.
It's also important to note that DKS currently trades at a PEG ratio of 3.23. 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 was holding an average PEG ratio of 2.56 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Dick's Sporting Goods (DKS) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Dick's Sporting Goods (DKS - Free Report) closed at $220.76, marking a -2.14% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.99%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq lost 1.58%.
Coming into today, shares of the sporting goods retailer had lost 3.12% in the past month. In that same time, the Retail-Wholesale sector lost 1.6%, while the S&P 500 gained 3.59%.
Market participants will be closely following the financial results of Dick's Sporting Goods in its upcoming release. The company is predicted to post an EPS of $2.71, indicating a 1.45% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.19 billion, showing a 4.25% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.39 per share and revenue of $14 billion, which would represent changes of +2.42% and +4.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% higher. Dick's Sporting Goods is currently a Zacks Rank #3 (Hold).
In terms of valuation, Dick's Sporting Goods is presently being traded at a Forward P/E ratio of 15.68. This represents no noticeable deviation compared to its industry average Forward P/E of 15.68.
It's also important to note that DKS currently trades at a PEG ratio of 3.23. 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 was holding an average PEG ratio of 2.56 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.