The Q1 2014 earnings report for Dicks Sporting Goods Inc (NYSE: DKS), a competitor of other sporting goods stocks like Big 5 Sporting Goods Corporation (NASDAQ: BGFV) and Hibbett Sports, Inc (NASDAQ: HIBB), is scheduled for before the market opens on Tuesday, May 20. Aside from the Dicks Sporting Goods's earnings report, it should be said that Big 5 Sporting Goods Corporation reported Q1 2014 earnings on April 29 (earnings were weak and they hinted at continued troubles ahead due the weak sales trends) while Hibbett Sports, Inc will report Q1 2015 earnings before the market opens on Friday, May 23. However, Dicks Sporting Goods is heading into earnings this week with positive coverage form analysts.
What Should You Watch Out for With the Dicks Sporting Goods Inc Earnings Report?First, here is a quick recap of Dicks Sporting Goods' recent earnings history from Yahoo! Finance:
| EPS Est | 0.48 | 0.74 | 0.39 | 1.11 |
| EPS Actual | 0.48 | 0.71 | 0.40 | 1.11 |
| Difference | 0.00 | -0.03 | 0.01 | 0.00 |
| Surprise % | 0.00% | -4.10% | 2.60% | 0.00% |
Back in March, Dicks Sporting Goods reported results that met consensus expectations with the Chairman/CEO commenting:
"We generated strong results in our fourth quarter, with record earnings per share of $1.11, above the upper end of the guidance range we provided in our third quarter press release, as our sales and merchandise margin exceeded our expectations. As we look to 2014, we believe our robust and growing omni-channel network and exciting merchandising opportunities will support double-digit growth in earnings."
This time around and according to the Yahoo! Finance analyst estimates page, the consensus expects revenues of $1.46 billion amd EPS of $0.53 - slightly lower than the consensus EPS of $0.54 expected ninety days ago.
On the news front, Dicks Sporting Goods had plenty of good news from analysts this week as on Wednesday CRT Capital initiated a Buy with a $65 price target on shares while Sterne Agee said the recent sell-off creates a buying opportunity. Moreover, Sterne Agee expects Dicks Sporting Goods' same-store sales to continue to improve because they believe the company is benefiting from strong sales of athletic footwear, active & outdoor apparel, and premium apparel. And last Monday, Credit Suisse began coverage of Dicks Sporting Goods with an Outperform rating and a price target of $65.
What do the Dicks Sporting Goods Inc Charts Say?Top 10 Growth Companies To Invest In 2015
The latest technical chart for Dicks Sporting Goods shows both a bullish as well as some bearish trend lines:
And a look at the long term performance chart shows that Dicks Sporting Goods and Hibbett Sports have steady performances that mimic each other while Big 5 Sporting Goods Corporation has been all over the place:
Big 5 Sporting Goods Corporation and Hibbett Sports also have rather bearish technical charts:
Positive analyst coverage can be a double edge sword should Dicks Sporting Goods produce an unexpected miss in the coming earnings report. Nevertheless, the stock has been a steady performance and another good earnings report could bring out more bulls.
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