Dick's Sporting Goods Inc (DKS) Q2 2024 Earnings Report Preview: What To Expect

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Dick's Sporting Goods Inc (DKS, Financial) is set to release its Q2 2024 earnings on Sep 4, 2024. The consensus estimate for Q2 2024 revenue is $3,437.41 million, and the earnings are expected to come in at $3.83 per share. The full year 2024's revenue is expected to be $13.24 billion and the earnings are expected to be $13.78 per share. More detailed estimate data can be found on the Estimates page.

Dick's Sporting Goods Inc (DKS, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Dick's Sporting Goods Inc (DKS) for the full year 2024 have increased from $13.24 billion to $13.24 billion, and for 2025, from $13.83 billion to $13.84 billion. Earnings estimates have also seen an uptick, rising from $13.72 per share to $13.78 per share for the full year 2024, and from $14.66 per share to $14.69 per share for 2025.

Dick's Sporting Goods Inc (DKS, Financial) Reported History

In the previous quarter of April 30, 2024, Dick's Sporting Goods Inc's (DKS) actual revenue was $3,018.38 million, which beat analysts' revenue expectations of $2,935.30 million by 2.83%. Dick's Sporting Goods Inc's (DKS) actual earnings were $3.30 per share, which beat analysts' earnings expectations of $2.93 per share by 12.55%. After releasing the results, Dick's Sporting Goods Inc (DKS) was flat in one day.

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Dick's Sporting Goods Inc (DKS, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 23 analysts, the average target price for Dick's Sporting Goods Inc (DKS) is $241.18 with a high estimate of $280 and a low estimate of $138.06. The average target implies an upside of 1.78% from the current price of $236.96.

Based on GuruFocus estimates, the estimated GF Value for Dick's Sporting Goods Inc (DKS, Financial) in one year is $163.37, suggesting a downside of -31.06% from the current price of $236.96.

Based on the consensus recommendation from 30 brokerage firms, Dick's Sporting Goods Inc's (DKS, Financial) average brokerage recommendation is currently 2.4, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.