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Dick's Sporting Goods (DKS) ended the recent trading session at $192.01, demonstrating a +1.13% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.75%, and the technology-dominated Nasdaq saw an increase of 0.55%.
Shares of the sporting goods retailer have depreciated by 5.8% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 0.19% and the S&P 500's loss of 0.84%.
Market participants will be closely following the financial results of Dick's Sporting Goods in its upcoming release. The company is expected to report EPS of $3.21, down 2.73% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.11 billion, up 3.14% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.32 per share and revenue of $13.85 billion. These totals would mark changes of +1.92% and +3.06%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Dick's Sporting Goods. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Dick's Sporting Goods possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Dick's Sporting Goods currently has a Forward P/E ratio of 13.26. For comparison, its industry has an average Forward P/E of 13.72, which means Dick's Sporting Goods is trading at a discount to the group.
Also, we should mention that DKS has a PEG ratio of 2.4. 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 1.5 as trading concluded yesterday.