Dick's Sporting Goods: Q2 Earnings Insights

Dick's Sporting Goods DKS reported its Q2 earnings results on Tuesday, August 23, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Dick's Sporting Goods beat estimated earnings by 3.08%, reporting an EPS of $3.68 versus an estimate of $3.57.

Revenue was down $163.00 million from the same period last year.

Last quarter the company beat on EPS by $0.38 which was followed by a 8.24% increase in the share price the next day.

Here's a look at Dick's Sporting Goods's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	2.47	3.43	1.95	2.70
EPS Actual	2.85	3.64	3.19	5.08
Revenue Estimate	2.59B	3.29B	2.49B	2.82B
Revenue Actual	2.70B	3.35B	2.75B	3.27B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Dick's Sporting Goods management provided guidance for FY 2022, expecting earnings between $10.0 and $12.0 per share.

To track all earnings releases for Dick's Sporting Goods visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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