We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Dick's Sporting Goods (DKS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
In the latest market close, Dick's Sporting Goods (DKS - Free Report) reached $220.38, with a -1.9% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 1.21%.
The the stock of sporting goods retailer has fallen by 9.99% in the past month, lagging the Retail-Wholesale sector's gain of 1.04% and the S&P 500's loss of 0.47%.
The investment community will be paying close attention to the earnings performance of Dick's Sporting Goods in its upcoming release. The company is slated to reveal its earnings on March 11, 2025. The company is predicted to post an EPS of $3.47, indicating a 9.87% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.75 billion, showing a 3.25% drop compared to the year-ago quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.15% increase. Dick's Sporting Goods currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Dick's Sporting Goods is holding a Forward P/E ratio of 15.19. For comparison, its industry has an average Forward P/E of 15.24, which means Dick's Sporting Goods is trading at a discount to the group.
One should further note that DKS currently holds a PEG ratio of 2.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated 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 group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
To follow DKS in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dick's Sporting Goods (DKS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest market close, Dick's Sporting Goods (DKS - Free Report) reached $220.38, with a -1.9% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 1.21%.
The the stock of sporting goods retailer has fallen by 9.99% in the past month, lagging the Retail-Wholesale sector's gain of 1.04% and the S&P 500's loss of 0.47%.
The investment community will be paying close attention to the earnings performance of Dick's Sporting Goods in its upcoming release. The company is slated to reveal its earnings on March 11, 2025. The company is predicted to post an EPS of $3.47, indicating a 9.87% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.75 billion, showing a 3.25% drop compared to the year-ago quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dick's Sporting Goods. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.15% increase. Dick's Sporting Goods currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Dick's Sporting Goods is holding a Forward P/E ratio of 15.19. For comparison, its industry has an average Forward P/E of 15.24, which means Dick's Sporting Goods is trading at a discount to the group.
One should further note that DKS currently holds a PEG ratio of 2.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated 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 group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
To follow DKS in the coming trading sessions, be sure to utilize Zacks.com.