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Dick's Sporting Goods (DKS) Dips More Than Broader Market: What You Should Know
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Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $214.32, moving -1.4% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.05%.
Shares of the sporting goods retailer witnessed a loss of 6.7% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.41%, and the S&P 500's gain of 0.55%.
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 $3.8 per share, which would represent a year-over-year decline of 13.24%. Meanwhile, our latest consensus estimate is calling for revenue of $5.64 billion, up 54.57% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.24 per share and revenue of $22.38 billion, indicating changes of +7.88% and +29.99%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Right now, Dick's Sporting Goods possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Dick's Sporting Goods is holding a Forward P/E ratio of 15.27. This represents a premium compared to its industry average Forward P/E of 14.98.
One should further note that DKS currently holds a PEG ratio of 1.9. 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. The Retail - Miscellaneous industry had an average PEG ratio of 1.9 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Dick's Sporting Goods (DKS) Dips More Than Broader Market: What You Should Know
Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $214.32, moving -1.4% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.05%.
Shares of the sporting goods retailer witnessed a loss of 6.7% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.41%, and the S&P 500's gain of 0.55%.
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 $3.8 per share, which would represent a year-over-year decline of 13.24%. Meanwhile, our latest consensus estimate is calling for revenue of $5.64 billion, up 54.57% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.24 per share and revenue of $22.38 billion, indicating changes of +7.88% and +29.99%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Right now, Dick's Sporting Goods possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Dick's Sporting Goods is holding a Forward P/E ratio of 15.27. This represents a premium compared to its industry average Forward P/E of 14.98.
One should further note that DKS currently holds a PEG ratio of 1.9. 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. The Retail - Miscellaneous industry had an average PEG ratio of 1.9 as trading concluded yesterday.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.