Dick's Sporting Goods(US:DKS) ZACKSยท2024-11-05 00:01Company Performance - Dick's Sporting Goods (DKS) closed at $196.73, reflecting a +1.56% change from the previous day, outperforming the S&P 500 which fell by 0.28% [1] - Over the past month, DKS shares have decreased by 9.92%, while the Retail-Wholesale sector gained 1.01% and the S&P 500 increased by 0.41% [1] Upcoming Earnings - Analysts expect Dick's Sporting Goods to report earnings of $2.68 per share, indicating a year-over-year decline of 5.96% [2] - The revenue forecast for the upcoming quarter is $3.02 billion, representing a 0.89% decline compared to the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $13.90 per share and revenue of $13.25 billion, reflecting increases of +7.67% and +2.06% respectively from the previous year [3] Analyst Revisions - Recent changes in analyst estimates for Dick's Sporting Goods suggest optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, aims to provide actionable investment ratings [4] Zacks Rank and Valuation - Dick's Sporting Goods currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5] - The company is trading at a Forward P/E ratio of 13.93, which is higher than the industry average of 11.96 [6] - DKS has a PEG ratio of 2.2, compared to the industry average PEG ratio of 2.17 [6] Industry Context - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]