Dick's Sporting Goods (DKS) ended the recent trading session at $209.20, demonstrating a -3.01% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.53%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1%.
Shares of the sporting goods retailer witnessed a gain of 2.74% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.07%, and outperforming the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of Dick's Sporting Goods in its upcoming release. In that report, analysts expect Dick's Sporting Goods to post earnings of $3.49 per share. This would mark a year-over-year decline of 3.59%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.1 billion, indicating a 56.7% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.13 per share and a revenue of $17.8 billion, signifying shifts of -6.55% and +32.42%, respectively, from the last year.
Any recent changes to analyst estimates for Dick's Sporting Goods should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Dick's Sporting Goods possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Dick's Sporting Goods is currently being traded at a Forward P/E ratio of 16.43. For comparison, its industry has an average Forward P/E of 21.75, which means Dick's Sporting Goods is trading at a discount to the group.
It's also important to note that DKS currently trades at a PEG ratio of 3.38. 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. DKS's industry had an average PEG ratio of 2.9 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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