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DICK'S Sporting (DKS) Beats on Q1 Earnings & Sales Estimates

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DICK'S Sporting Goods, Inc.DKS , the sporting goods retailer, came out with first-quarter fiscal 2018 results, wherein earnings of 59 cents per share grew 13.5% year over year and outpaced the Zacks Consensus Estimate of 42 cents.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has witnessed a downtrend in the past 30 days. However, in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 3.3%.

DICK'S Sporting Goods, Inc. Price, Consensus and EPS Surprise

DICK'S Sporting Goods, Inc. Price, Consensus and EPS Surprise | DICK'S Sporting Goods, Inc. Quote

Revenues: DICK'S Sporting generated total sales of nearly $1,909.7 million that jumped 4.6% year over year and also came ahead of the Zacks Consensus Estimate of $1,891 million. However, consolidated comps decreased 2.5%.

Outlook: Following the company's solid quarterly results, management raised its fiscal 2018 earnings outlook. Earnings are now envisioned in the band of $2.92-$3.12 per share, up from the previous guided range of $2.80-$3 per share.

Zacks Rank: Currently, DICK'S Sporting carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Stock Movement: DICK'S Sporting's shares gained 15% during pre-market trading hours following the solid quarterly results and raised earnings guidance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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