Dick's Sporting Goods (DKS - Free Report) closed at $36.32 in the latest trading session, marking a +1.71% move from the prior day. This change outpaced the S&P 500's 2.33% loss on the day. Elsewhere, the Dow lost 2.24%, while the tech-heavy Nasdaq lost 3.05%.
Heading into today, shares of the sporting goods retailer had lost 6.27% over the past month, lagging the Retail-Wholesale sector's loss of 1.12% and the S&P 500's loss of 1.93% in that time.
Wall Street will be looking for positivity from DKS as it approaches its next earnings report date. This is expected to be March 12, 2019. In that report, analysts expect DKS to post earnings of $1.07 per share. This would mark a year-over-year decline of 12.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.48 billion, down 6.91% from the year-ago period.
DKS's full-year Zacks Consensus Estimates are calling for earnings of $3.22 per share and revenue of $8.44 billion. These results would represent year-over-year changes of +6.98% and -1.74%, respectively.
Investors should also note any recent changes to analyst estimates for DKS. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.82% higher. DKS is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, DKS is holding a Forward P/E ratio of 11.09. This represents a premium compared to its industry's average Forward P/E of 10.95.
Investors should also note that DKS has a PEG ratio of 1.78 right now. 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 1.57 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 97, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.