Dick’s Sporting Goods Second Quarter Earnings Sneak Peek

Dick’s Sporting Goods, Inc. (NYSe:DKS) will unveil its latest earnings on Tuesday, August 16, 2011. Dick’s Sporting Goods, Inc. 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.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

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

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, a rise of 16.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $1.94 per share, a rise of 19% 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 one cent, reporting profit of 30 cents per share against a mean estimate of net income of 29 cents per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $1.33 billion in revenue this quarter, a rise of 8.1% from the year ago quarter. Analysts are forecasting total revenue of $5.28 billion for the year, a rise of 8.4% from last year’s revenue of $4.87 billion.

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

Key Stats:

Revenue has risen the past four quarters. Revenue increased 6.3% to $1.11 billion in first quarter. The figure rose 13.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 9% in the third quarter of the last fiscal year from the year-ago quarter and 8.8% in the second 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 May 16, 2011 to August 10, 2011, the stock price had fallen $10.78 (-26.5%) from $40.69 to $29.91. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 8.3% (+$2.37) 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 down $7.59 (-20.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.