5 Notable Earnings Reports to Watch

2. DICK’S Sporting Goods, Inc. (NYSE:DKS)

Number of Hedge Fund Holders: 37

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) closed higher on Tuesday, March 8, 2022, after delivering solid profit and sales for its fiscal fourth quarter. The Pennsylvania-based sporting goods retailer earned $3.64 per share, beating expectations of $3.43 per share.

In addition, DICK’S Sporting Goods, Inc. (NYSE:DKS) generated revenue of $3.35 billion, ahead of the consensus of $3.31 billion. Same-store sales for the quarter also increased to 5.9 percent, compared to 4.3 percent projected by analysts.

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Looking forward, DICK’S Sporting Goods, Inc. (NYSE:DKS) expects adjusted earnings in the range of $11.70 – $13.10 per share for the full year. The outlook is significantly higher than analysts’ average estimate of $11.31 per share.

Commenting on the quarter, CEO Lauren Hobart said:

“We are extremely pleased that our team delivered the largest sales quarter in our company’s history. Our diverse category and brand portfolio, world-class omni-channel platform and strong execution continue to help us meet robust consumer demand. We are a growth company with a strong balance sheet and incredible momentum and confidence in our business.”