Dick's Sporting Goods (DKS) closed at $211.37 in the latest trading session, marking a -2.19% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.9%.
Heading into today, shares of the sporting goods retailer had lost 1.79% over the past month, lagging the Retail-Wholesale sector's gain of 0.77% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Dick's Sporting Goods in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.8, signifying a 13.24% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.64 billion, up 54.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.24 per share and a revenue of $22.38 billion, indicating changes of +7.88% and +29.99%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dick's Sporting Goods. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% higher. Dick's Sporting Goods is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Dick's Sporting Goods is currently trading at a Forward P/E ratio of 15.18. This indicates a premium in contrast to its industry's Forward P/E of 14.74.
One should further note that DKS currently holds a PEG ratio of 1.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Miscellaneous industry currently had an average PEG ratio of 1.89 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 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).