In the last trading session, Dick’s Sporting Goods (DKS Quick QuoteDKS – Free Report) closed at $ 129.53, a -1.52% move from the previous day. That move fell short of the S&P 500’s daily gain of 0.42%.
Ahead of today’s trading, the sporting goods retailer’s stock was up 11.85% over the past month. This outperformed the retail-wholesale sector’s 6.5% growth and the S&P 500’s 7.03% growth over the period.
DKS will look to show strength as the next release of the results approaches, which is expected to be on November 23, 2021. The company is expected to post earnings per share of $ 1.88, down 6.47% from the year-ago quarter. Our latest consensus estimate is for quarterly revenue of $ 2.42 billion, up 0.43% from the same period last year.
For the full year, our Zacks Consensus Estimates suggest analysts expect earnings per share of $ 12.91 and revenue of $ 11.69 billion. These sums would mean a change of +110.95% or +21.97% compared to the previous year.
Any recent changes in analyst estimates for DKS should also be considered by investors. Most recent revisions usually reflect the latest short-term business trends. Hence, we can interpret positive valuation revisions as a good sign of the company’s business outlook.
Research has shown that these estimate revisions correlate directly with short-term stock price dynamics. Investors can take advantage of this by using the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has had impressive, externally audited outperformance, with # 1 stocks seeing an average annual return of + 25% since 1988 over the past Monthly, Zack’s Consensus EPS estimate rose 4.19%. DKS currently has a Zacks rank of # 3 (Hold).
In terms of valuation, DKS is currently trading with a forward P / E of 10.19. This is a discount to the industry’s average forward P / E of 14.8.
We also see that DKS currently has a PEG ratio of 0.8. This metric is used in a similar way to the famous P / E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The retail – miscellaneous sector had an average PEG ratio of 1.06 at yesterday’s close of trading.
The Retail-Other industry is part of the Retail-Wholesale sector. This group has a Zacks industry rank of 158, making it one of the bottom 38% of all over 250 industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks rank of the individual stocks within the groups. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
Make sure you use zacks. Com to keep track of all of these stock movement metrics and more in the upcoming trading sessions.