On a similar note, analysts expect EPS of $1.14 in December 2017 quarter and $1.48 in March 2018 quarter, representing -14.93% and -3.27% growth, respectively.
Dicks Sporting Goods shares fell 2.6% in premarket trading Tuesday following the report. Consolidated same store sales decreased 0.9 percent, compared to the company's guidance of a low single-digit decrease.
In terms of earnings per share, DKS did overwhelmingly well. "As we look to the fourth quarter, we are comfortable with our prior implied sales and earnings outlook, and believe we are well positioned to gain additional market share". We plan to make significant investments in our business, which will have a short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. We plan to increase investments in our eCommerce business, the technology in our stores and store payroll in order to enhance the customer experience. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. During the same quarter past year, the firm earned $0.48 EPS. The value of the company's investment in Dick's Sporting Goods Inc decreased from $6,342,000 to $3,968,000 a change of 37.4% for the reporting period. Credit Suisse Group set a $44.00 target price on shares of Dick's Sporting Goods and gave the stock a "hold" rating in a report on Monday, August 7th. This is an increase over its revenue of $1.81 billion from the third quarter of 2016. The firm realized a rise in short interest of 0.49% as of the latest report on October 31, 2017.
On November 9, 2017, the company's Board of Directors authorized and declared a quarterly dividend in the amount of $0.17 per share on the company's Common Stock and Class B Common Stock. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer's stock worth $203,000 after purchasing an additional 26 shares during the period. Currently, 107.9 million total shares are owned by the public and among those 84.07 million shares have been available to trade. This is down from its earnings per share of 48 cents from the same time a year ago. The company reported earnings per diluted share of $2.56 for the 52 weeks ended January 28, 2017. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer's stock worth $3,078,000 after purchasing an additional 7,675 shares during the period. The company's quarterly revenue was up 7.4% compared to the same quarter previous year. It also sees comps falling in the low single digits for the period.
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Dick's Sporting Goods (NYSE:DKS) opened at $26.32 on Friday.
The retailer basically narrowed its guidance for the year. With short interest at 12,533,861 and short average daily volume at 2,613,136, days to cover is 5.0 and the percentage of shorted shares is 0.15% as of October 31.
In the most updated research from a number of analysts on Wall Street, the company gets 2 Buys and 0 Sell among 16 analysts. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.10.