Dick’s Sporting Goods Q4 Preview: Analysts Forecast 56.1% Revenue Growth
Dick’s Sporting Goods reports Q4 earnings Thursday before market open, with expected revenue up 56.1% year on year after last quarter’s $4.17 billion, a 36.3% rise that still missed estimates. Shares have fallen 3.6% over the past month and analysts set an average price target of $238.33.
1. Q4 Earnings Preview
Dick’s Sporting Goods will release its Q4 results Thursday before market open. Analysts project 56.1% year-over-year revenue growth, following a flat comparable quarter last year.
2. Q3 Revenue Miss and Growth Figures
In the previous quarter, Dick’s reported $4.17 billion in revenue, up 36.3% year on year, but this figure fell short of consensus estimates and prompted downward revisions to full-year guidance.
3. Peer Performance in Specialty Retail
Bath & Body Works reported a 2.3% revenue decline yet exceeded estimates by 4.3%, while Sally Beauty delivered flat sales in Q4, providing a backdrop for Dick’s upcoming results.
4. Stock Movement and Analyst Targets
Dick’s shares have declined 3.6% over the past month. The average analyst price target stands at $238.33, implying potential upside from current levels.