Sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) will be reporting results tomorrow morning. Here’s what to expect.
Dick's beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $3.47 billion, up 7.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates.
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 be flat year on year at $3.03 billion, slowing from the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.69 per share.
Analysts covering the company have generally 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% 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, delivering year-on-year sales growth of 1.5%. The stock traded up 7.1% 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 4.1% on average over the last month. Dick's is up 2.8% during the same time and is heading into earnings with an average analyst price target of $236.84 (compared to the current share price of $210.93).
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