Dick's Sporting Goods Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
DICK'S Sporting Goods, Inc. (NYSE:DKS) is expected to report lower Q3 earnings at $2.45 per share compared to $2.6 per share a year ago, with revenue estimated at $2.94 billion. The company plans to hire 8,600 seasonal workers for the holidays. DKS stock rose 0.8% to $119.01 recently. Analysts have given mixed ratings and price targets, with the most accurate analysts suggesting a range from $115 to $134.
November 21, 2023 | 7:29 am
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DICK'S Sporting Goods is anticipated to report lower Q3 earnings, which could pressure the stock. However, the company's stock recently rose and hiring plans may indicate positive expectations for the holiday season.
The expected decrease in earnings typically would suggest a negative impact on the stock price, but the recent uptick and proactive hiring for the holiday season may balance investor sentiment. Analyst ratings are mixed, indicating uncertainty in the market's direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100