Dick’s Sporting Goods (DKS) Gains As The Market Goes Down: What You Need To Know – October 12, 2021
Dick’s Sporting Goods (DKS – Free Report) closed at $ 114.68 in the last trading session, marking a movement of + 1.24% from the previous day. The change exceeded the S&P 500’s 0.24% loss on the day.
As of today dawn, shares of the sporting goods retailer had lost 13.11% in the past month, behind the 5% loss in the retail and wholesale sector and the loss of 2.12% of the S&P 500 during this period.
Wall Street will research DKS positivity as the date of its next earnings report approaches. On that day, DKS is expected to report earnings of $ 1.81 per share, which would be down 9.95% year-over-year. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 2.42 billion, up 0.43% from the previous year.
For the full year, our consensus estimates from Zacks suggest analysts expect earnings of $ 12.88 per share and revenue of $ 11.69 billion. These totals would mark changes of +110.46% and + 21.97%, respectively, from a year ago.
Any recent changes in analysts’ estimates for DKS should also be noted by investors. These revisions generally reflect the latest short-term business trends, which can change frequently. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has increased 7.12%. DKS currently holds a Zacks rank of # 2 (Buy).
In view of its valuation, DKS has a forward P / E ratio of 8.79. Its industry has an average forward P / E of 12.45, so one could conclude that DKS is trading at a comparatively discount.
Also, we have to mention that DKS has a PEG ratio of 0.7. This metric is used similarly to the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the stock’s earnings. DKS industry had an average PEG ratio of 0.97 at yesterday’s close.
The Retail Trade – Miscellaneous industry is part of the Retail Trade-Wholesale sector. This industry currently has a Zacks Industry Rank of 108, which places it in the top 43% of 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow DKS in future trading sessions, be sure to use Zacks.com.