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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 at $217.27 in the latest trading session, marking a -3.27% move from the prior day. This change lagged the S&P 500's 0.41% loss on the day. At the same time, the Dow lost 1.13%, and the tech-heavy Nasdaq lost 0.19%.
Shares of the sporting goods retailer have appreciated by 17.14% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 11.33%, and the S&P 500's gain of 10.02%.
Analysts and investors alike will be keeping a close eye on the performance of Dick's Sporting Goods in its upcoming earnings disclosure. On that day, Dick's Sporting Goods is projected to report earnings of $2.93 per share, which would represent a year-over-year decline of 13.06%. Meanwhile, our latest consensus estimate is calling for revenue of $5.03 billion, up 58.47% from the prior-year quarter.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $14.29 per share and revenue of $22.3 billion. These results would represent year-over-year changes of -1.99% and +29.56%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 shifted 0.02% downward. As of now, Dick's Sporting Goods holds a Zacks Rank of #4 (Sell).
In terms of valuation, Dick's Sporting Goods is currently trading at a Forward P/E ratio of 15.72. This expresses a premium compared to the average Forward P/E of 15.68 of its industry.
Investors should also note that DKS has a PEG ratio of 3.19 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Miscellaneous stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.
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.
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 at $217.27 in the latest trading session, marking a -3.27% move from the prior day. This change lagged the S&P 500's 0.41% loss on the day. At the same time, the Dow lost 1.13%, and the tech-heavy Nasdaq lost 0.19%.
Shares of the sporting goods retailer have appreciated by 17.14% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 11.33%, and the S&P 500's gain of 10.02%.
Analysts and investors alike will be keeping a close eye on the performance of Dick's Sporting Goods in its upcoming earnings disclosure. On that day, Dick's Sporting Goods is projected to report earnings of $2.93 per share, which would represent a year-over-year decline of 13.06%. Meanwhile, our latest consensus estimate is calling for revenue of $5.03 billion, up 58.47% from the prior-year quarter.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $14.29 per share and revenue of $22.3 billion. These results would represent year-over-year changes of -1.99% and +29.56%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 shifted 0.02% downward. As of now, Dick's Sporting Goods holds a Zacks Rank of #4 (Sell).
In terms of valuation, Dick's Sporting Goods is currently trading at a Forward P/E ratio of 15.72. This expresses a premium compared to the average Forward P/E of 15.68 of its industry.
Investors should also note that DKS has a PEG ratio of 3.19 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Miscellaneous stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.