DICK's Sporting Goods
), the sporting goods retailer, to beat expectations when it
reports fourth-quarter fiscal 2013 results before the market
opens on Mar 11.
Why a Likely Positive Surprise?
Our proven model shows that DICK's Sporting may beat earnings
because it has the right combination of 2 key components.
Positive Zacks ESP:
DICK's Sporting currently has an
of +0.91%. This is because the Most Accurate estimate stands at
$1.11 per share, while the Zacks Consensus Estimate is pegged at
Zacks #3 Rank (Hold):
Note that stocks with a Zacks Rank #1, 2 and 3 have higher
chances of beating earnings. The Sell-rated stocks (#4 and 5)
should never be considered going into an earnings announcement.
The combination of DICK's Sporting's Zacks Rank #3 (Hold) and
Earnings ESP of +0.91% makes us confident of an earnings beat on
What is Driving Better-than-Expected Earnings?
Over time, DICK's Sporting has consolidated its position amid
a challenging macroeconomic environment through measures like
introduction of new products, effective cost management and store
openings. We believe that expansion of direct-to-consumer
operations, implementation of omni-channel strategies, effective
inventory management and optimum capital allocation will enable
the company to sustain its growth momentum.
Other Stocks to Consider
DICK's Sporting is not the only firm we are looking up to this
earnings season. The following companies are also likely to beat
earnings in the to-be-reported quarter:
Matador Resources Company
) with Earnings ESP of +7.14% and a Zacks Rank #3
Tiffany & Co.
) with Earnings ESP of +0.66% and Zacks Rank #3
) with Earnings ESP of +1.49% and a Zacks Rank #3
DICKS SPRTG GDS (DKS): Free Stock Analysis
MATADOR RESOURC (MTDR): Free Stock Analysis
ORACLE CORP (ORCL): Free Stock Analysis
TIFFANY & CO (TIF): Free Stock Analysis
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