Dick's Sporting Goods (DKS) closed at $209.50 in the latest trading session, marking a +1.32% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.47%. Elsewhere, the Dow gained 1.34%, while the tech-heavy Nasdaq added 1.95%.
Shares of the sporting goods retailer have appreciated by 0.26% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 1.38%, and lagging the S&P 500's gain of 0.64%.
The upcoming earnings release of Dick's Sporting Goods will be of great interest to investors. It is anticipated that the company will report an EPS of $4.29, marking a 1.83% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.6 billion, indicating a 3.57% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.38 per share and a revenue of $13.9 billion, signifying shifts of +2.35% and +3.37%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Dick's Sporting Goods. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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 past month, the Zacks Consensus EPS estimate has remained steady. Dick's Sporting Goods presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Dick's Sporting Goods is currently being traded at a Forward P/E ratio of 14.38. This denotes no noticeable deviation relative to the industry average Forward P/E of 14.38.
Meanwhile, DKS's PEG ratio is currently 2.95. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Retail – Miscellaneous industry was having an average PEG ratio of 2.95.
The Retail – Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 35% of all 250+ industries.
