Dicks Sporting Goods Second Quarter Earnings Sneak Peek

Dicks Sporting Goods Inc (NYSE:DKS) will unveil its latest earnings on Tuesday, August 14, 2012. Dick’s Sporting Goods is an authentic, full-line sporting goods retailer offering a assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment.

Dicks Sporting Goods Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 64 cents per share, a rise of 23.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 63 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 64 cents during the last month. Analysts are projecting profit to rise by 25.2% versus last year to $2.53.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported profit of 45 cents per share versus a mean estimate of 38 cents. Two quarters ago, it reported net income of 88 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.43 billion in revenue this quarter, a rise of 9.2% from the year-ago quarter. Analysts are forecasting total revenue of $5.84 billion for the year, a rise of 12.1% from last year’s revenue of $5.21 billion.

Stock Price Performance: Between June 12, 2012 and August 8, 2012, the stock price had risen $4.28 (9.1%), from $46.93 to $51.21. The stock price saw one of its best stretches over the last year between February 2, 2012 and February 14, 2012, when shares rose for nine straight days, increasing 8.3% (+$3.44) over that span. It saw one of its worst periods between May 2, 2012 and May 14, 2012 when shares fell for nine straight days, dropping 7.6% (-$3.90) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.6 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 1.99 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 23.3% to $1.16 billion while assets decreased 0.6% to $1.86 billion.

Analyst Ratings: With 16 analysts rating the stock a buy, none rating it a sell and eight rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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