Dick's Sporting Goods (DKS) closed at $34.60 in the latest trading session, marking a +1.29% move from the prior day. This change outpaced the S&P 500's 1.91% loss on the day. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Prior to today's trading, shares of the sporting goods retailer had lost 10.76% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.54% and the S&P 500's loss of 2.51% in that time.
DKS will be looking to display strength as it nears its next earnings release, which is expected to be March 12, 2019. On that day, DKS is projected to report earnings of $1.07 per share, which would represent a year-over-year decline of 12.3%. Meanwhile, our latest consensus estimate is calling for revenue of $2.48 billion, down 6.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.22 per share and revenue of $8.44 billion. These totals would mark changes of +6.98% and -1.74%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DKS. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has moved 2.68% higher. DKS is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, DKS is holding a Forward P/E ratio of 10.61. This valuation marks a premium compared to its industry's average Forward P/E of 10.34.
It is also worth noting that DKS currently has a PEG ratio of 1.71. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 69, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.