Yahoo Finance Stay Ahead of the Game With Dick's (DKS) Q1 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Dick's Sporting Goods (DKS) is predicted by Wall Street analysts to post quarterly earnings of $2.96 per share, reflecting a decline of 12.9% compared to the same period last year. Revenues are forecasted to be $2.94 billion, representing a year-over-year increase of 3.5%.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Dick's metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Comparable store sales - YoY change' to come in at 2.3%. The estimate compares to the year-ago value of 3.4%.
The consensus estimate for 'Number of stores - Total (EOP)' stands at 865. The estimate is in contrast to the year-ago figure of 863.
The collective assessment of analysts points to an estimated 'Total Square Footage' of 42.87 Msqft. Compared to the current estimate, the company reported 42.6 Msqft in the same quarter of the previous year.
The consensus among analysts is that 'Number of stores - Golf Galaxy/Specialty Concept Store' will reach 137. The estimate compares to the year-ago value of 135.
Analysts forecast 'Number of stores - Dicks Sporting Goods' to reach 726. Compared to the present estimate, the company reported 728 in the same quarter last year.
View all Key Company Metrics for Dick's here>>>
Over the past month, Dick's shares have recorded returns of -10.6% versus the Zacks S&P 500 composite's +6.1% change. Based on its Zacks Rank #2 (Buy), DKS will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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DICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis Report
