Sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) will be reporting earnings tomorrow before market hours. Here’s what to expect.
Dick’s beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $3.06 billion, flat year on year. It was a mixed quarter for the company, with a decent beat of analysts’ gross margin estimates but a slight miss of analysts’ EBITDA estimates.
Is Dick’s a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dick’s revenue to decline 2.6% year on year to $3.77 billion, a reversal from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.51 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dick’s has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Dick’s peers in the specialty retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Best Buy’s revenues decreased 4.8% year on year, beating analysts’ expectations by 2%, and Sally Beauty reported flat revenue, in line with consensus estimates. Best Buy traded down 13% following the results while Sally Beauty was up 2.1%.
Read our full analysis of Best Buy’s results here and Sally Beauty’s results here.
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