Dick's Sporting Goods
The 10-second takeaway
For the quarter ended April 28 (Q1), Dick's Sporting Goods beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins increased across the board.
Dick's Sporting Goods tallied revenue of $1.28 billion. The 23 analysts polled by S&P Capital IQ anticipated a top line of $1.23 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $1.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.45 for Q1 were 50% higher than the prior-year quarter's $0.30 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.8%, 110 basis points better than the prior-year quarter. Operating margin was 7.5%, 170 basis points better than the prior-year quarter. Net margin was 4.5%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.42 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $5.76 billion. The average EPS estimate is $2.48.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 391 members out of 452 rating the stock outperform, and 61 members rating it underperform. Among 158 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give Dick's Sporting Goods a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dick's Sporting Goods is outperform, with an average price target of $53.39.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Dick's Sporting Goods. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.