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Dick's Sporting Goods (DKS) Gains As Market Dips: What You Should Know
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Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $215.32, moving +1.15% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.06%.
The sporting goods retailer's shares have seen an increase of 1.34% over the last month, not keeping up with the Retail-Wholesale sector's gain of 5.39% and the S&P 500's gain of 1.99%.
Market participants will be closely following the financial results of Dick's Sporting Goods in its upcoming release. In that report, analysts expect Dick's Sporting Goods to post earnings of $3.49 per share. This would mark a year-over-year decline of 3.59%. Simultaneously, our latest consensus estimate expects the revenue to be $6.1 billion, showing a 56.7% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.13 per share and a revenue of $17.8 billion, indicating changes of -6.55% and +32.42%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dick's Sporting Goods is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Dick's Sporting Goods is currently being traded at a Forward P/E ratio of 16.22. Its industry sports an average Forward P/E of 21.05, so one might conclude that Dick's Sporting Goods is trading at a discount comparatively.
Also, we should mention that DKS has a PEG ratio of 3.34. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Miscellaneous industry had an average PEG ratio of 2.86 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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) Gains As Market Dips: What You Should Know
Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $215.32, moving +1.15% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.06%.
The sporting goods retailer's shares have seen an increase of 1.34% over the last month, not keeping up with the Retail-Wholesale sector's gain of 5.39% and the S&P 500's gain of 1.99%.
Market participants will be closely following the financial results of Dick's Sporting Goods in its upcoming release. In that report, analysts expect Dick's Sporting Goods to post earnings of $3.49 per share. This would mark a year-over-year decline of 3.59%. Simultaneously, our latest consensus estimate expects the revenue to be $6.1 billion, showing a 56.7% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.13 per share and a revenue of $17.8 billion, indicating changes of -6.55% and +32.42%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dick's Sporting Goods is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Dick's Sporting Goods is currently being traded at a Forward P/E ratio of 16.22. Its industry sports an average Forward P/E of 21.05, so one might conclude that Dick's Sporting Goods is trading at a discount comparatively.
Also, we should mention that DKS has a PEG ratio of 3.34. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Miscellaneous industry had an average PEG ratio of 2.86 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.