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Dick's Sporting Goods (DKS) Gains As Market Dips: What You Should Know
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Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $89.17, moving +1.04% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.84%. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the sporting goods retailer had gained 19.53% in the past month. In that same time, the Retail-Wholesale sector gained 3.28%, while the S&P 500 gained 2.02%.
Dick's Sporting Goods will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.52, down 30.71% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.08 billion, down 6.04% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.81 per share and revenue of $11.84 billion, which would represent changes of -31.15% and -3.71%, respectively, from the prior year.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.67% higher. Dick's Sporting Goods is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Dick's Sporting Goods is currently trading at a Forward P/E ratio of 8.17. This valuation marks a discount compared to its industry's average Forward P/E of 8.47.
Meanwhile, DKS's PEG ratio is currently 1.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Dick's Sporting Goods (DKS) Gains As Market Dips: What You Should Know
Dick's Sporting Goods (DKS - Free Report) closed the most recent trading day at $89.17, moving +1.04% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.84%. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the sporting goods retailer had gained 19.53% in the past month. In that same time, the Retail-Wholesale sector gained 3.28%, while the S&P 500 gained 2.02%.
Dick's Sporting Goods will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.52, down 30.71% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.08 billion, down 6.04% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.81 per share and revenue of $11.84 billion, which would represent changes of -31.15% and -3.71%, respectively, from the prior year.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.67% higher. Dick's Sporting Goods is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Dick's Sporting Goods is currently trading at a Forward P/E ratio of 8.17. This valuation marks a discount compared to its industry's average Forward P/E of 8.47.
Meanwhile, DKS's PEG ratio is currently 1.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.