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Dick's Sporting Goods (DKS - Free Report) ended the recent trading session at $229.02, demonstrating a -3.03% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
Shares of the sporting goods retailer witnessed a gain of 9.94% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 0.64%, and the S&P 500's loss of 0.9%.
Investors will be eagerly watching for the performance of Dick's Sporting Goods in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.8, showcasing a 13.24% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $5.64 billion, up 54.57% from the prior-year quarter.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $14.24 per share and revenue of $22.38 billion. These results would represent year-over-year changes of +7.88% and +29.99%, respectively.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. At present, Dick's Sporting Goods boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Dick's Sporting Goods is presently being traded at a Forward P/E ratio of 16.59. This indicates a premium in contrast to its industry's Forward P/E of 15.56.
We can also see that DKS currently has a PEG ratio of 2.06. 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 currently had an average PEG ratio of 2.06 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 77, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Dick's Sporting Goods (DKS) Stock Dips While Market Gains: Key Facts
Dick's Sporting Goods (DKS - Free Report) ended the recent trading session at $229.02, demonstrating a -3.03% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
Shares of the sporting goods retailer witnessed a gain of 9.94% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 0.64%, and the S&P 500's loss of 0.9%.
Investors will be eagerly watching for the performance of Dick's Sporting Goods in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.8, showcasing a 13.24% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $5.64 billion, up 54.57% from the prior-year quarter.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $14.24 per share and revenue of $22.38 billion. These results would represent year-over-year changes of +7.88% and +29.99%, respectively.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. At present, Dick's Sporting Goods boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Dick's Sporting Goods is presently being traded at a Forward P/E ratio of 16.59. This indicates a premium in contrast to its industry's Forward P/E of 15.56.
We can also see that DKS currently has a PEG ratio of 2.06. 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 currently had an average PEG ratio of 2.06 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 77, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.