Dick's Sporting Goods
The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Dick's Sporting Goods beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins expanded across the board.
Dick's Sporting Goods reported revenue of $1.31 billion. The 24 analysts polled by S&P Capital IQ expected sales of $1.29 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.18 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 $0.40. The 26 earnings estimates compiled by S&P Capital IQ averaged $0.37 per share. GAAP EPS of $0.40 for Q3 were 21% higher than the prior-year quarter's $0.33 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 31.0%, 130 basis points better than the prior-year quarter. Operating margin was 6.3%, 20 basis points better than the prior-year quarter. Net margin was 3.8%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is $1.07.
Next year's average estimate for revenue is $5.98 billion. The average EPS estimate is $2.56.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 400 members out of 459 rating the stock outperform, and 59 members rating it underperform. Among 154 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 140 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 $56.95.
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