Dick's Sporting Goods Q3 EPS Forecast Raised on 'Modestly Stronger' Comparable Store Sales Growth, Oppenheimer Says

MT Newswires Live11-16

Dick's Sporting Goods (DKS) fiscal Q3 earnings per share are now expected to be $2.72 driven by expectations of "modestly stronger" comparable store sales growth of 2% to 4%, up from 1% to 3%, Oppenheimer said in an earnings preview Friday.

Oppenheimer's previous EPS estimate for Dick's Sporting Goods, which is set to release Q3 results on Nov. 26, was $2.60.

The firm said that lately, the company has underperformed amid concerns of potentially moderate spending within sporting goods and calendar shifts at the company that "are likely to distort negatively sales and EPS growth for the chain" until the second half of 2025 or January 2026.

Oppenheimer expressed optimism that consistent, solid, or on-plan underlying trends at Dick's Sporting Goods could "clear the air" and serve as a near-term positive catalyst for the stock, while reinforcing its position as a strong intermediate- to long-term investment opportunity driven by store repositioning and market share growth.

The company continues to outpace broader sector trends, benefiting from a premium product mix and exceptional operational execution both in-store and online, according to the note.

Oppenheimer maintained the company's outperform rating and $270 price target.

Price: 200.07, Change: +1.35, Percent Change: +0.68

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