Dick's Sporting Goods Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
DICK'S Sporting Goods Inc (NYSE:DKS) is anticipated to report higher Q4 earnings on March 14, 2024, with expected earnings of $3.35 per share, up from $2.93 per share year-over-year, and projected quarterly revenue of $3.8 billion, up from $3.6 billion. The company's shares rose 3% to close at $187.76 recently. Analysts from Baird, Barclays, B of A Securities, Telsey Advisory Group, and Truist Securities have updated their ratings and price targets for DKS, reflecting a positive outlook.
March 14, 2024 | 7:04 am
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DICK'S Sporting Goods is expected to report higher Q4 earnings with a positive outlook from analysts, leading to recent share price increase.
The anticipated increase in Q4 earnings and revenue, coupled with positive analyst ratings and raised price targets, suggests a strong performance that could further boost DICK'S Sporting Goods' stock price in the short term. The recent 3% share price increase reflects market optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100