In the last trading session, Dick’s Sporting Goods (DKS Quick QuoteDKS – Free Report) closed at $ 100.32, a -0.98% move from the previous day. That change lagged the S&P 500’s 0.35% gain for the day.
Today, the sporting goods retailer’s shares were up 1.15% over the past month, lagging the retail and wholesale sector’s 3.99% gain and the S&P 500’s 3.64% gain over the period.
DKS will try to show strength as it nears the next earnings release. On that day, DKS is expected to post earnings of $ 2.60 per share, a 19% decrease from last year. Our latest consensus estimate is for quarterly revenue of $ 2.81 billion, up 3.46% from the same period last year.
For the full year, our Zacks Consensus Estimates suggest analysts expect earnings per share of $ 8.92 and revenue of $ 10.82 billion. These sums would mean a change of +45.75% and +12.92%, respectively, compared to the previous year.
Investors might also notice the recent changes in analysts’ estimates for DKS. These revisions help highlight the ever-changing nature of short-term business trends. Hence, we can interpret positive valuation revisions as a good sign of the company’s business outlook.
Based on our research, we believe these valuation revisions are directly related to team-based stock movements. Investors can take advantage of this by using the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of outperforming, with the # 1 stocks returning an average of + 25% annually since 1988 EPS estimate increased 4.28% last month. DKS currently holds a Zacks rank of # 1 (Strong Buy).
Investors should also check out DKS’s most recent valuation metrics, including its forward P / E of 11.36. This valuation is a discount to the industry’s average forward P / E of 16.35.
Investors should also note that DKS currently has a PEG ratio of 1.6. This popular metric is similar to the widely known P / E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Retail – Other held an average PEG ratio of 1.45 at yesterday’s closing price.
The Retail-Other industry is part of the Retail-Wholesale sector. This industry currently has a Zacks industry rank of 36, making it the top 15% 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.
Track all of these price action metrics and many more on Zacks.com.