Dicks Sporting Goods Third Quarter Earnings Sneak Peek

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Dicks Sporting Goods Inc (NYSE:DKS) will unveil its latest earnings on Tuesday, November 13, 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 estimate of analysts is for profit of 37 cents per share, a rise of 15.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 36 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 37 cents during the last month. For the year, analysts are projecting net income of $2.53 per share, a rise of 25.2% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 65 cents per share, and the previous quarter, it had net income of 45 cents.

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A Look Back: In the second quarter, profit fell 27.3% to $53.7 million (43 cents a share) from $73.8 million (59 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 10% to $1.44 billion from $1.31 billion.

Wall St. Revenue Expectations: Analysts are projecting a rise of 10.2% in revenue from the year-earlier quarter to $1.3 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.73 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.

Stock Price Performance: Between August 14, 2012 and November 7, 2012, the stock price rose $2.12 (4.4%), from $48.59 to $50.71. 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.

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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