Seeking Clues to Dick's (DKS) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - Wall Street analysts forecast that Dick's Sporting Goods (DKS) will report quarterly earnings of $2.69 per share, indicating a year-over-year decline of 2.2% [1] - Anticipated revenues are projected to be $3.19 billion, reflecting an increase of 4.3% compared to the same quarter last year [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 0.4%, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting potential investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts predict 'Comparable store sales - YoY change' to be 3.5%, down from 4.2% in the same quarter last year [5] - The 'Number of stores - Total (EOP)' is expected to reach 886, compared to 864 in the same quarter last year [5] - The 'Number of stores - Dicks Sporting Goods' is projected to be 718, down from 727 year-over-year, while 'Number of stores - Golf Galaxy/Specialty Concept Store' is expected to increase to 182 from 137 [6] Sales Performance - The average prediction for 'Sales per store' is $3.64 million, an increase from $3.54 million in the previous year [7] - Over the past month, shares of Dick's have returned -9.3%, contrasting with the Zacks S&P 500 composite's -0.3% change [7] - Currently, DKS holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [7]