Dick’s Sporting Goods Inc. Third Quarter Earnings Sneak Peek

Dick’s Sporting Goods, Inc. (NYSE:DKS) will unveil its latest earnings on Tuesday, November 15, 2011. 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 estimate of analysts is for profit of 26 cents per share, a rise of 18.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 29 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 26 cents during the last month. For the year, analysts are projecting net income of $1.95 per share, a rise of 19.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 52 cents per share against a mean estimate of net income of 50 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.4% in revenue from the year-earlier quarter to $1.16 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

A Look Back: In the second quarter, profit rose 43.3% to $73.8 million (59 cents a share) from $51.5 million (43 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.6% to $1.31 billion from $1.23 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 43.1% in the first quarter and 29.9% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 6.3% in the first quarter from the year earlier, climbed 13.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 9% in the third quarter of the last fiscal year.

Competitors to Watch: Big five Sporting Goods Corp. (NASDAQ:BGFV), Golfsmith Intl. Hldgs., Inc. (NASDAQ:GOLF), Hibbett Sports, Inc. (NASDAQ:HIBB), Cabela’s Incorporated (NYSE:CAB), Sport Chalet, Inc. (NASDAQ:SPCHA), Dover Saddlery, Inc. (NASDAQ:DOVR), Winmark Corporation (NASDAQ:WINA), Deckers Outdoors (NASDAQ:DECK), Nike (NYSE:NKE), The Timberland Company (NYSE:TBL),  and Sports Direct Intl. Plc (NYSE:SPD).

Stock Price Performance: During August 16, 2011 to November 9, 2011, the stock price had risen $5.60 (17.1%) from $32.78 to $38.38. The stock price saw one of its best stretches over the last year between October 17, 2011 and October 24, 2011 when shares rose for six-straight days, rising 8.8% (+$3.15) 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, falling 9.3% (-$3.74) over that span. Shares are up 88 cents (+2.3%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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