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In the latest market close, Dick's Sporting Goods (DKS) reached $184.34, with a +1.95% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.67%. Meanwhile, the Dow experienced a rise of 1.07%, and the technology-dominated Nasdaq saw an increase of 2.5%.
Shares of the sporting goods retailer witnessed a loss of 13.05% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.21% and the S&P 500's loss of 6.57%.
The investment community will be closely monitoring the performance of Dick's Sporting Goods in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $3.21, reflecting a 2.73% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.11 billion, indicating a 3.14% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.32 per share and a revenue of $13.85 billion, signifying shifts of +1.92% and +3.06%, respectively, from the 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 shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.05% increase. Dick's Sporting Goods presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Dick's Sporting Goods is presently being traded at a Forward P/E ratio of 12.62. This represents a discount compared to its industry's average Forward P/E of 13.35.
Meanwhile, DKS's PEG ratio is currently 2.29. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Retail - Miscellaneous industry stood at 1.4 at the close of the market yesterday.