Dick’s sporting goods (DKS Quick Quote.)DKS – Free Report) closed at $ 114.68 in the last trading session, a move of + 1.24% compared to the previous day. That change outpaced the S&P 500’s 0.24% daily loss.
Today, the sporting goods retailer’s shares were down 13.11% last month, trailing the retail and wholesale sectors’ loss of 5% and the S&P 500’s 2.12% loss over the period.
Wall Street will look to the DKS for positive results as it nears its next earnings reporting date. On that day, DKS is expected to post earnings of $ 1.81 per share, a decrease of 9.95% year over year. Meanwhile, the Zacks Consensus Estimate is forecasting net sales of $ 2.42 billion, up 0.43% from the same period last year.
For the full year, our Zacks Consensus Estimates suggest analysts expect earnings per share of $ 12.88 and revenue of $ 11.69 billion. These sums would mean a change of +110.46% or + 21.97% compared to the previous year.
Any recent changes in analyst estimates for DKS should also be considered by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can view positive valuation revisions as a sign of optimism about the company’s business outlook.
Our research shows that these changes in estimates correlate directly with short-term stock prices. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable rating model.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of Outperformance Month the Zacks Consensus EPS estimate increased by 7.12%. DKS currently holds a Zacks rank of # 2 (Buy).
Based on the valuation, DKS has a forward P / E of 8.79. The industry has an average forward P / E of 12.45, so we can conclude that DKS is trading at a discount in comparison.
Also, we should mention that DKS has a PEG ratio of 0.7. This metric is used in a similar way to the famous P / E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. At yesterday’s close of trading, the DKS branch had an average PEG ratio of 0.97.
The Retail-Other industry is part of the Retail-Wholesale sector. This industry currently has a Zacks industry rank of 108, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks rank of the individual stocks within the groups. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
To keep track of DKS in the upcoming trading sessions, be sure to use Zacks.com.