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Insights Into Dick's (DKS) Q2: Wall Street Projections for Key Metrics
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Analysts on Wall Street project that Dick's Sporting Goods (DKS - Free Report) will announce quarterly earnings of $3.78 per share in its forthcoming report, representing a decline of 13.7% year over year. Revenues are projected to reach $5.64 billion, increasing 54.6% from the same quarter last year.
The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Dick's metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Store Count - Ending Stores - Total' should come in at 892 . The estimate is in contrast to the year-ago figure of 889 .
Analysts' assessment points toward 'Comparable Sales Growth - YoY change' reaching 5.1%. The estimate compares to the year-ago value of 5.0%.
It is projected by analysts that the 'Square Footage - Ending - Total' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts forecast 'Store Count - Other Specialty Concepts - Total' to reach 171 . The estimate is in contrast to the year-ago figure of 167 .
The collective assessment of analysts points to an estimated 'Store Count - DICK'S Sporting Goods - Total' of 722 . Compared to the current estimate, the company reported 722 in the same quarter of the previous year.
Shares of Dick's have experienced a change of -9% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), DKS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Dick's (DKS) Q2: Wall Street Projections for Key Metrics
Analysts on Wall Street project that Dick's Sporting Goods (DKS - Free Report) will announce quarterly earnings of $3.78 per share in its forthcoming report, representing a decline of 13.7% year over year. Revenues are projected to reach $5.64 billion, increasing 54.6% from the same quarter last year.
The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Dick's metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Store Count - Ending Stores - Total' should come in at 892 . The estimate is in contrast to the year-ago figure of 889 .
Analysts' assessment points toward 'Comparable Sales Growth - YoY change' reaching 5.1%. The estimate compares to the year-ago value of 5.0%.
It is projected by analysts that the 'Square Footage - Ending - Total' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts forecast 'Store Count - Other Specialty Concepts - Total' to reach 171 . The estimate is in contrast to the year-ago figure of 167 .
The collective assessment of analysts points to an estimated 'Store Count - DICK'S Sporting Goods - Total' of 722 . Compared to the current estimate, the company reported 722 in the same quarter of the previous year.
View all Key Company Metrics for Dick's here>>>Shares of Dick's have experienced a change of -9% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), DKS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .