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Dick's Sporting Goods (DKS) Gains As Market Dips: What You Should Know
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In the latest trading session, Dick's Sporting Goods (DKS - Free Report) closed at $105, marking a +1.69% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.24%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the sporting goods retailer had lost 8.77% in the past month. In that same time, the Retail-Wholesale sector gained 1.26%, while the S&P 500 gained 0.73%.
Investors will be hoping for strength from Dick's Sporting Goods as it approaches its next earnings release, which is expected to be March 8, 2022. On that day, Dick's Sporting Goods is projected to report earnings of $3.39 per share, which would represent year-over-year growth of 39.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.31 billion, up 6% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Dick's Sporting Goods. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 0.07% higher. Dick's Sporting Goods is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Dick's Sporting Goods is holding a Forward P/E ratio of 9.31. This valuation marks a discount compared to its industry's average Forward P/E of 11.45.
We can also see that DKS currently has a PEG ratio of 0.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Miscellaneous industry currently had an average PEG ratio of 0.79 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.
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Dick's Sporting Goods (DKS) Gains As Market Dips: What You Should Know
In the latest trading session, Dick's Sporting Goods (DKS - Free Report) closed at $105, marking a +1.69% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.24%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the sporting goods retailer had lost 8.77% in the past month. In that same time, the Retail-Wholesale sector gained 1.26%, while the S&P 500 gained 0.73%.
Investors will be hoping for strength from Dick's Sporting Goods as it approaches its next earnings release, which is expected to be March 8, 2022. On that day, Dick's Sporting Goods is projected to report earnings of $3.39 per share, which would represent year-over-year growth of 39.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.31 billion, up 6% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Dick's Sporting Goods. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 0.07% higher. Dick's Sporting Goods is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Dick's Sporting Goods is holding a Forward P/E ratio of 9.31. This valuation marks a discount compared to its industry's average Forward P/E of 11.45.
We can also see that DKS currently has a PEG ratio of 0.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Miscellaneous industry currently had an average PEG ratio of 0.79 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.