Dick's Sporting Goods Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

DICK'S Sporting Goods Inc DKS is expected to release earnings results for its fourth quarter, before the opening bell on March 14, 2024.

Analysts expect the Coraopolis, Pennsylvania-based company to report quarterly earnings at $3.35 per share, up from $2.93 per share in the year-ago period. Dick's Sporting is projected to report quarterly revenue of $3.8 billion, compared to $3.6 billion in the year-earlier quarter, according to data from Benzinga Pro.

On Nov. 21, Dick's Sporting Goods reported third-quarter FY23 sales growth of 2.8% year-on-year to $3.042 billion, beating the analyst consensus estimate of $2.940 billion.

DICK'S Sporting shares gained 3% to close at $187.76 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Baird analyst Justin Kleber maintained a Neutral rating and raised the price target from $145 to $185 on March 12, 2024. This analyst has an accuracy rate of 68%.
• Barclays analyst Adrienne Yih maintained an Overweight rating and boosted the price target from $179 to $194 on March 11, 2024. This analyst has an accuracy rate of 73%.
• B of A Securities analyst Robert Ohmes maintained a Neutral rating and raised the price target from $165 to $190 on March 11, 2024. This analyst has an accuracy rate of 76%.
• Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and raised the price target from $160 to $195 on March 11, 2024. This analyst has an accuracy rate of 74%.
• Truist Securities analyst Scot Ciccarelli maintained a Buy rating and boosted the price target from $174 to $201 on March 5, 2024. This analyst has an accuracy rate of 80%.

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