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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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