Investors might want to bet on Dick's Sporting Goods (DKS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-31463 DICK'S SPORTING GOODS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of (I.R ...

Dick's Sporting Goods (DKS) reported $3.02 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 6.2%. EPS of $3.30 for the same period compares to $3.40 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +2.58%. The company delivered an EPS surprise of +12.24%, with the consensus EPS estimate being $2.94. While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Key Points Dick's Sporting Goods NYSE: DKS has everything an income investor could want, including business growth, outperformance, improving guidance, solid cash flows, a fortress balance sheet, and robust capital return. The latest results testify to that fact and point the market to new highs. The question now is if Dick's will hit the new high sooner or later, and the odds favor sooner. The market is up more than 5% in premarket trading, indicating a trend-following signal that could take this market to ...

Three-quarters of shoppers visit stores at some point in their purchasing journey, according to data from the PYMNTS Intelligence study "2024 Global Digital Shopping Index: U.S. Edition." The report, created in collaboration with Visa Acceptance Solutions and drawing from a survey of more than 2,400 United States consumers, found that 44% of consumers prefer to shop in stores without any digital engagement. Another 19% want to shop in stores with digital assistance, and 11% of shoppers like to place orders ...

In the fiscal first quarter, the SG&A expense rate of 24.6% expanded 20 bps year over year. SG&A expenses, in dollar terms, increased 7.1% to $743.4 million and beat our estimate of $719.2 million. DICK'S Sporting Goods, Inc. (DKS) posted impressive first-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Sales also improved year over year. Despite the challenging macroeconomic environment, the company has been benefiting from its strategic efforts and continued ...

Shares of sporting-goods retailer Dick's Sporting Goods (DKS 15.28%) skyrocketed on Wednesday after it reported what some analysts described as "blowout" financial results for its fiscal 2024 first quarter. As of 12:30 p.m. ET, the stock was up by 16% and had hit a new all-time high. Sales and profits are surprisingly strong It's been a good few years for Dick's Sporting Goods, and investors have been waiting for its results to finally cool off. But it seems that consumers are still looking for sporting goo ...

Navdeep Gupta Lauren Hobart Operator Navdeep Gupta Navdeep Gupta Navdeep Gupta Lauren Hobart So we've continued to grow our athlete base over the past several years. I think we had 7 million new athletes joined last year and 1.5 million this past quarter. And traffic has continued to be strong. So it's about new athletes. It's also just about the differentiated product that we keep bringing in and the fact that the elevation of the brand and the experience has been strong. So really, really good traffic num ...

Key Takeaways The company now sees 2024 EPS in a range of $13.35 to $13.75, up from the previous outlook of $12.85 to $13.25. It predicts a comparable store sales gain of 2.0% to 3.0%, compared with the earlier view of a 1.0% to 2.0% rise. Dick's Sporting Goods shares soared 15% to $224.30 as of 10:06 a.m. ET Wednesday after setting a new high for the year of $228.36 earlier in the session. They are up more than 50% in 2024. Shares of Dick's Sporting Goods (DKS) surged Wednesday after the sports and recreat ...

About this content About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first- class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009 ...