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Bear of the Day: DICK's Sporting Goods (DKS)

Neena Mishra
Updated

Founded in 1948 and headquartered in Pittsburgh, PA, DICK’s Sporting Goods (DKS) is a full-line sporting goods retailer. The company offers athletic shoes, apparel, accessories and a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, water sports, etc.

Disappointing Results

The company posted Q2 FY2017 adjusted earnings of 96 cents per share, which missed the Zacks Consensus Estimate of $1.00 and were also below the company’s guidance range of $1.02–$1.07 per share. Consolidated comps also missed the company’s forecast of 2-3% increase.

The company also cut its fiscal 2017 guidance. They now expect adjusted earnings in the range of $2.80-$3 per share compared with $3.65-$3.75, guided earlier.

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Falling Estimates

Analysts have lowered their estimates significantly after disappointing results and guidance. Zacks Consensus Estimates for the current and next fiscal year have plunged to $2.92 per share and $2.88 per share from $3.60 and $3.92 respectively, before the results.

 

Dick's Sporting Goods Inc Price, Consensus and EPS Surprise

Dick's Sporting Goods Inc Price, Consensus and EPS Surprise | Dick's Sporting Goods Inc Quote

The Bottom Line

Most retailers are going through a lot of pain thanks to the rising trend for online shopping, particularly on Amazon. The stock is now down about 55% year-to-date but a rebound doesn’t appear likely anytime soon given Zacks stock rank of #5 (Strong Sell) and industry and sector ranks in the bottom 14% and 13% respectively.

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