Dick’s Sporting Items, Intuit, Toll Brothers – 24/7 Wall St.

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The three major US stock indexes closed mixed on Friday, but the gain or loss was small. A late rebound to the upside saw six out of 11 sectors end the day in the green, with healthcare (up 1.3%) and real estate (up 1.2%) leading the field. All three indices were up about 1% premarket on Monday. What really got markets moving this morning was a report that networking giant Broadcom is in talks to acquire VMware in a deal that could net up to $70 billion for VMware investors.

Ahead of the markets open, Chinese electric vehicle maker Xpeng reported a slightly better-than-expected loss and met sales expectations. The less good news is that gross margins were lower than expected and guidance was low. Shares traded a little over 1% down.

We’ve already looked at four companies that will report their earnings results late Monday or early Tuesday: Abercrombie & Fitch, Best Buy, NetEase, and Petco. After markets close on Monday or before they open on Tuesday, Zoom Video and Frontline are required to report results.

Here’s a look at three more companies set to report earnings after the US markets close on Tuesday.

Dick’s sporting goods

Sporting goods retailer Dick’s Sporting Goods Inc. (NYSE: DKS) has seen its stock price fall about 4.5% over the past 12 months, including a nearly 42% drop from a 52-week high in early September. In March, Dicks CEO said investors shouldn’t worry that the company would see lower shipments from Nike as the apparel giant is now more focused on direct-to-consumer sales. This announcement appears to have had little impact on the stock’s price. The company will be the first to report the results on Wednesday morning.

Analyst sentiment is biased bullish, with 12 out of 25 ratings as buy or strong buy. Another 12 analysts rate the stock as Hold. At the current price of around $77.50 per share, the upside potential is 70.3% based on a mid-point price target of $132.00. The upside potential is more than 132% on the high target of $180.

For the first quarter of fiscal 2023, analysts are expecting revenue of $2.62 billion, down 21.7% sequentially and down 10.3% year over year. Adjusted earnings per share (EPS) is forecast at $2.53, down 30.5% sequentially and down 33.2% year over year. For the full fiscal year ended January, earnings per share are expected to be $12.59, down 19.8%, on revenue of $12.13 billion, down corresponds to 1.4%.

The stock will trade at 9.2 times forward 2023 earnings per share, 5.9 times forward 2024 earnings of $13.04 and 5.5 times forward 2025 earnings of $14.06 traded per share. The stock’s 52-week trading range is between $74.12 and $147.39. The company pays an annual dividend of $1.60 (yield of 2.52%). The total shareholder return for the past year was minus 1.8%.

Intuitive

Tax reporting software company Intuit Inc. (NASDAQ: INTU) is down about 12.3% over the past 12 months. Shares are down almost 47% since a 52-week high in mid-November. Earlier this month, the company announced an agreement under which it will pay $141 million to customers who were “unfairly” charged for services advertised as free. Intuit will report results after Tuesday’s closing bell.