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Why the Market Dipped But Dick's Sporting Goods (DKS) Gained Today
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Dick's Sporting Goods (DKS - Free Report) ended the recent trading session at $143.84, demonstrating a +1.3% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 2.86%.
Shares of the sporting goods retailer witnessed a gain of 6.89% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 3.69%, and the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of Dick's Sporting Goods in its upcoming release. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 32.85% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.06 billion, reflecting a 21.51% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.69 per share and revenue of $22.05 billion, indicating changes of -11.44% and +28.08%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.12% lower. At present, Dick's Sporting Goods boasts a Zacks Rank of #4 (Sell).
Investors should also note Dick's Sporting Goods's current valuation metrics, including its Forward P/E ratio of 12.15. This represents a discount compared to its industry average Forward P/E of 15.93.
We can also see that DKS currently has a PEG ratio of 2.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Retail - Miscellaneous industry was having an average PEG ratio of 1.94.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 31, placing it within the top 13% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why the Market Dipped But Dick's Sporting Goods (DKS) Gained Today
Dick's Sporting Goods (DKS - Free Report) ended the recent trading session at $143.84, demonstrating a +1.3% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 2.86%.
Shares of the sporting goods retailer witnessed a gain of 6.89% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 3.69%, and the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of Dick's Sporting Goods in its upcoming release. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 32.85% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.06 billion, reflecting a 21.51% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.69 per share and revenue of $22.05 billion, indicating changes of -11.44% and +28.08%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.12% lower. At present, Dick's Sporting Goods boasts a Zacks Rank of #4 (Sell).
Investors should also note Dick's Sporting Goods's current valuation metrics, including its Forward P/E ratio of 12.15. This represents a discount compared to its industry average Forward P/E of 15.93.
We can also see that DKS currently has a PEG ratio of 2.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Retail - Miscellaneous industry was having an average PEG ratio of 1.94.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 31, placing it within the top 13% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.