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Dick's Sporting Goods (DKS) Suffers a Larger Drop Than the General Market: Key Insights
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Dick's Sporting Goods (DKS - Free Report) ended the recent trading session at $131.18, demonstrating a -2.74% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The stock of sporting goods retailer has risen by 1.9% in the past month, leading the Retail-Wholesale sector's loss of 3.19% and the S&P 500's gain of 1.4%.
The upcoming earnings release of Dick's Sporting Goods will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 32.85% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.06 billion, up 21.51% from the year-ago period.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $11.69 per share and revenue of $22.05 billion. These results would represent year-over-year changes of -11.44% and +28.08%, 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.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.3% lower. Dick's Sporting Goods presently features a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Dick's Sporting Goods is at present trading with a Forward P/E ratio of 11.54. This signifies a discount in comparison to the average Forward P/E of 14.95 for its industry.
We can also see that DKS currently has a PEG ratio of 2.56. 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. DKS's industry had an average PEG ratio of 1.64 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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) Suffers a Larger Drop Than the General Market: Key Insights
Dick's Sporting Goods (DKS - Free Report) ended the recent trading session at $131.18, demonstrating a -2.74% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The stock of sporting goods retailer has risen by 1.9% in the past month, leading the Retail-Wholesale sector's loss of 3.19% and the S&P 500's gain of 1.4%.
The upcoming earnings release of Dick's Sporting Goods will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 32.85% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.06 billion, up 21.51% from the year-ago period.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $11.69 per share and revenue of $22.05 billion. These results would represent year-over-year changes of -11.44% and +28.08%, 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.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.3% lower. Dick's Sporting Goods presently features a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Dick's Sporting Goods is at present trading with a Forward P/E ratio of 11.54. This signifies a discount in comparison to the average Forward P/E of 14.95 for its industry.
We can also see that DKS currently has a PEG ratio of 2.56. 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. DKS's industry had an average PEG ratio of 1.64 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.