We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's How DICK'S Sporting (DKS) Looks Ahead of Q1 Earnings
Read MoreHide Full Article
DICK’S Sporting Goods Inc. (DKS - Free Report) is slated to report first-quarter fiscal 2020 results on Jun 2. The company has a trailing four-quarter positive earnings surprise of 13.6%, on average.
The Zacks Consensus Estimate for first-quarter bottom line is pegged at a loss of 9 cents per share against the year-ago quarter’s earnings of 62 cents. Nevertheless, the loss estimate has narrowed by a couple of cents in the past 30 days. The consensus mark for revenues is pegged at $1.55 billion, which indicates a fall of 19.5% from the figure reported in the year-ago quarter.
Due to the coronavirus outbreak, DICK’S Sporting had shut down all its stores effective Mar 18. COVID-19 induced store closures are likely to have marred the company’s performance in the fiscal first quarter. Apart from this, higher SG&A expenses are likely to be a threat to margins. Notably, adjusted SG&A expenses, as a percentage of sales, increased 77 basis points in fourth-quarter fiscal 2019 due to higher incentive compensation expenses and increased marketing expenses.
Nevertheless, the company is on track to build the best omni-channel experience for athletes. In fact, DICK’S Sporting’s e-commerce business, including contactless curbside pickup and ship from a store, had been operational amid the outbreak. Moreover, the company’s consistent efforts to dispose underperforming businesses and boost comps bode well.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for DICK’S Sporting this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
DICK’S Sporting carries a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +429.55%.
Stocks With Favorable Combinations
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
G-III Apparel (GIII - Free Report) presently has an Earnings ESP of +6.67% and a Zacks Rank #3.
Darden Restaurant (DRI - Free Report) currently has an Earnings ESP of +17.75% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Here's How DICK'S Sporting (DKS) Looks Ahead of Q1 Earnings
DICK’S Sporting Goods Inc. (DKS - Free Report) is slated to report first-quarter fiscal 2020 results on Jun 2. The company has a trailing four-quarter positive earnings surprise of 13.6%, on average.
The Zacks Consensus Estimate for first-quarter bottom line is pegged at a loss of 9 cents per share against the year-ago quarter’s earnings of 62 cents. Nevertheless, the loss estimate has narrowed by a couple of cents in the past 30 days. The consensus mark for revenues is pegged at $1.55 billion, which indicates a fall of 19.5% from the figure reported in the year-ago quarter.
DICKS Sporting Goods, Inc. Price and EPS Surprise
DICKS Sporting Goods, Inc. price-eps-surprise | DICKS Sporting Goods, Inc. Quote
Key Factors to Note
Due to the coronavirus outbreak, DICK’S Sporting had shut down all its stores effective Mar 18. COVID-19 induced store closures are likely to have marred the company’s performance in the fiscal first quarter. Apart from this, higher SG&A expenses are likely to be a threat to margins. Notably, adjusted SG&A expenses, as a percentage of sales, increased 77 basis points in fourth-quarter fiscal 2019 due to higher incentive compensation expenses and increased marketing expenses.
Nevertheless, the company is on track to build the best omni-channel experience for athletes. In fact, DICK’S Sporting’s e-commerce business, including contactless curbside pickup and ship from a store, had been operational amid the outbreak. Moreover, the company’s consistent efforts to dispose underperforming businesses and boost comps bode well.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for DICK’S Sporting this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
DICK’S Sporting carries a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +429.55%.
Stocks With Favorable Combinations
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Lovesac Company (LOVE - Free Report) currently has an Earnings ESP of +11.17% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
G-III Apparel (GIII - Free Report) presently has an Earnings ESP of +6.67% and a Zacks Rank #3.
Darden Restaurant (DRI - Free Report) currently has an Earnings ESP of +17.75% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>