Dick's Sporting Goods (DKS) ended the recent trading session at $229.34, demonstrating a +1.52% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.12%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.2%.
Heading into today, shares of the sporting goods retailer had gained 19.3% over the past month, outpacing the Retail-Wholesale sector's gain of 12.69% and the S&P 500's gain of 9.3%.
The upcoming earnings release of Dick's Sporting Goods will be of great interest to investors. In that report, analysts expect Dick's Sporting Goods to post earnings of $2.93 per share. This would mark a year-over-year decline of 13.06%. Our most recent consensus estimate is calling for quarterly revenue of $5.03 billion, up 58.47% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.29 per share and revenue of $22.3 billion, which would represent changes of -1.99% and +29.56%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Dick's Sporting Goods. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.4% increase. At present, Dick's Sporting Goods boasts a Zacks Rank of #4 (Sell).
From a valuation perspective, Dick's Sporting Goods is currently exchanging hands at a Forward P/E ratio of 15.81. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 15.81.
It is also worth noting that DKS currently has a PEG ratio of 3.21. 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. As the market closed yesterday, the Retail - Miscellaneous industry was having an average PEG ratio of 2.01.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow DKS in the coming trading sessions, be sure to utilize Zacks.com.
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DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).