DICK'S Sporting Goods, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

DICK'S Sporting Goods, Inc. (NYSE:DKS) shareholders are probably feeling a little disappointed, since its shares fell 6.5% to US$213 in the week after its latest quarterly results. It looks like a credible result overall - although revenues of US$3.6b were in line with what the analysts predicted, DICK'S Sporting Goods surprised by delivering a statutory profit of US$4.71 per share, a notable 10% above expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Taking into account the latest results, DICK'S Sporting Goods' 22 analysts currently expect revenues in 2026 to be US$14.0b, approximately in line with the last 12 months. Statutory per-share earnings are expected to be US$14.38, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$13.9b and earnings per share (EPS) of US$14.26 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

Check out our latest analysis for DICK'S Sporting Goods

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$234. It looks as though they previously had some doubts over whether the business would live up to their expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic DICK'S Sporting Goods analyst has a price target of US$275 per share, while the most pessimistic values it at US$165. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that DICK'S Sporting Goods' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 2.7% growth on an annualised basis. This is compared to a historical growth rate of 6.9% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.8% annually. Factoring in the forecast slowdown in growth, it seems obvious that DICK'S Sporting Goods is also expected to grow slower than other industry participants.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for DICK'S Sporting Goods going out to 2028, and you can see them free on our platform here..

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for DICK'S Sporting Goods (1 is a bit concerning) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.