Dick’s Sporting Goods has experienced phenomenal growth over the past few years. As the largest sporting goods retailer in the United States, Dick’s has more than 854 stores and more than 50,000 employees. This alone makes investors watch the current DKS stock forecast to determine if it is a smart investment.

In March 2020, as other stocks were decimated, Dick’s began a slow and steady climb from a low of $16.81 to a September 2021 high of $147.39. Since then, the stock has fallen over 50% to a low of $71.24 in May 2022. However, over the past few months, the stock has begun another impressive ascent. Is the recent rise short-lived or will the rise continue?

If there’s one word that sums up the future of a given stock, it might just be “expectations.” Consensus earnings estimates play a huge role in valuing a stock, though they often miss the mark. Analysts look at historical earnings and performance to make their assessment. From there, they try to project future earnings per share (EPS). Consensus earnings estimates are generally the average or median of the forecasts of all the different analysts.

When news of the earnings announcement is released, you will usually see the market react positively or negatively depending on the nature of the upcoming report. Then, when the actual earnings numbers are released, you can see the stock continue to rise or fall depending on how close the analysts’ projections are to reality. If expectations and projections are high and earnings miss the mark by a good margin, you are likely to see a sell-off. For our DKS stock forecast, we look forward to next week’s earnings announcement.

DKS Share Forecast – Results Announcement: Tuesday, August 23, 2022

Dick’s Sporting Goods Inc is expected* to report earnings on 08/23/2022 before market open. The report will cover the fiscal quarter ending July 2022. According to Zacks Investment Research, based on forecasts from 10 analysts, the consensus EPS forecast for the quarter is $3.51. Reported EPS for the same quarter last year was $5.08.

A conference call to discuss the results will be held that day at 10:00 a.m. AND. The call is webcast and can be viewed on DICK’S Sporting Goods Investor Relations website at investor.dicks.com. To listen to the call live, please go to the website at least fifteen minutes in advance to register and download and install any necessary audio software. A replay of the call will be archived on the Company’s website for approximately twelve months.

In recent months, DKS stock forecasts have looked more favorable, helping the stock climb from $71.24 in May to $112 and higher. DKS stock outperformed the wider retail and wholesale sector during this period.

Just a few months ago, insiders and hedge funds were bullish on their DKS stock forecasts. However, many analysts are now calling DKS shares a sell. Either way, the company is looking to stay strong when it releases its results next week. The expected $3.51 per share would reflect a decline of more than 30% year over year. Dick’s is also expected to post net sales of $3.07 billion, down 6.16% from the same period last year. DKS stock currently has a Forward P/E ratio of 9.96.

Dick’s Sporting Goods – Summary

Investors will be eagerly watching Tuesday, August 23 to see what the company’s earnings announcement brings. There has been an increase in outdoor activities lately which is always great for the DKS stock. Regardless of what this latest earnings report says, Dick’s Sporting Goods stock has shown strong long-term resilience. So even if the stock goes down, it may be a good “buy the dip” candidate.

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