Dick's (DKS) Q1 Earnings: What To Expect

Kayode Omotosho /
2024/05/28 3:00 am EDT

Sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) will be reporting results tomorrow before market hours. Here's what to look for.

Dick's beat analysts' revenue expectations by 2.2% last quarter, reporting revenues of $3.88 billion, up 7.8% year on year. It was a solid quarter for the company, with optimistic earnings guidance for the full year.

Is Dick's a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Dick's revenue to grow 3.4% year on year to $2.94 billion, slowing from the 5.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.97 per share.

Dick's Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dick's has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 3.1% on average.

Looking at Dick's peers in the specialty retail segment, only Sally Beauty has reported results so far. It met analysts' revenue estimates, posting year-on-year sales declines of 1.1%. The stock was down 1.4% on the results.

Read our full analysis of Sally Beauty's earnings results here.

There has been positive sentiment among investors in the specialty retail segment, with share prices up 6.7% on average over the last month. Dick's is down 7.4% during the same time and is heading into earnings with an average analyst price target of $220.9 (compared to the current share price of $190.42).

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