Dick’s Sporting Goods First Quarter Earnings Sneak Peek

Dick’s Sporting Goods, Inc. (NYSE:DKS) will unveil its latest earnings on Tuesday, May 15, 2012. Dick’s Sporting Goods is an authentic, full-line sporting goods retailer offering a assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment.

Dick’s Sporting Goods, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 38 cents per share, a rise of 26.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 36 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 38 cents during the last month. Analysts are projecting profit to rise by 20.3% versus last year to $2.43.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 88 cents per share versus a mean estimate of profit of 88 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 6 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 10.8% in revenue from the year-earlier quarter to $1.23 billion.

Analyst Ratings: Analysts are bullish on this stock, with 15 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 27% to $111.1 million (88 cents a share) from $87.5 million (72 cents a share) the year earlier, meeting analyst expectations. Revenue rose 6.1% to $1.61 billion from $1.52 billion.

Stock Price Performance: Between February 13, 2012 and May 9, 2012, the stock price rose $5.25 (11.9%), from $44.22 to $49.47. The stock price saw one of its best stretches over the last year between February 2, 2012 and February 14, 2012, when shares rose for nine straight days, increasing 8.3% (+$3.43) over that span. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight straight days, dropping 9.3% (-$3.69) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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