Dick's Sporting Goods Q2 Adj. EPS $2.82 Misses $3.81 Estimate, Sales $3.22B Miss $3.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dick's Sporting Goods (NYSE:DKS) reported Q2 earnings of $2.82 per share, missing the analyst consensus estimate of $3.81 by 25.98%. This is a 23.37% decrease from the same period last year. The company also reported quarterly sales of $3.22 billion, missing the analyst consensus estimate of $3.23 billion by 0.19%. This is a 3.60% increase from the same period last year.
August 22, 2023 | 11:01 am
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NEGATIVE IMPACT
Dick's Sporting Goods reported lower than expected Q2 earnings and sales. Earnings per share decreased by 23.37% YoY and sales increased by 3.60% YoY.
Dick's Sporting Goods reported lower than expected earnings and sales for Q2. This could negatively impact the company's stock price in the short term as it indicates a potential slowdown in growth and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100