Dick's Sporting Goods
The 10-second takeaway
For the quarter ended May 4 (Q1), Dick's Sporting Goods missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew. GAAP earnings per share grew significantly.
Gross margins expanded, operating margins dropped, net margins expanded.
Dick's Sporting Goods chalked up revenue of $1.33 billion. The 24 analysts polled by S&P Capital IQ foresaw a top line of $1.37 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.48. The 28 earnings estimates compiled by S&P Capital IQ predicted $0.48 per share. Non-GAAP EPS of $0.48 for Q1 were 6.7% higher than the prior-year quarter's $0.45 per share. GAAP EPS of $0.52 for Q1 were 16% higher than the prior-year quarter's $0.45 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 30.9%, 10 basis points better than the prior-year quarter. Operating margin was 7.3%, 20 basis points worse than the prior-year quarter. Net margin was 4.9%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.59 billion. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $6.28 billion. The average EPS estimate is $2.86.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 415 members out of 476 rating the stock outperform, and 61 members rating it underperform. Among 178 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Dick's Sporting Goods a green thumbs-up, and 16 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 $56.26.
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