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3 Unbelievable Things That Happened This Week

04:55pm, Thursday, 10'th Mar 2022 The Motley Fool
There's more to this Amazon split story, and you may have missed what Dick's Sporting Goods and ZIM Integrated Shipping did this week.

DICK'S Sporting (DKS) Q4 Earnings & Sales Beat on High Demand

03:00pm, Wednesday, 09'th Mar 2022 Zacks Investment Research
DICK'S Sporting's (DKS) Q4 results reflect gains from robust comps, sturdy demand, solid store sales and improved merchandise margin.
DICK'S Sporting's (DKS) Q4 results reflect gains from robust comps, sturdy demand, solid store sales and improved merchandise margin.
When the hosts of the PreMarket Prep Show have opposing opinions on the upcoming price action in a particular issue, they will make a “lunch bet.” The issue that was being debated on Tuesday’s show was Dick’s Sporting Goods Inc (NYSE: DKS ). The Catalyst: Before the opening, the company reported quarterly earnings of $3.64 per share, which beat the analyst consensus estimate of $3.43 by 6.12%. The company reported quarterly sales of $3.35 billion, which beat the analyst consensus estimate of $3.29 billion by 1.82%. The company slashed FY22 adjusted EPS to $11.70-$13.10 vs. a $15.42 estimate. Monday’s Price Action: Along with the broad market, the issue had a rough start to the week. Dick’s closed on Friday at $109.71, had a brief rally to $111.96 and unraveled. It ended the session just … Full story available on Benzinga.com
U.S. stocks turned higher midway through trading, with the Dow Jones climbing more than 400 points on Tuesday. The Dow traded up 1.28% to 33,236.65 while the NASDAQ rose 1.61% to 13,038.16. The S&P also rose, gaining, 1.12% to 4,248.02. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Communication services shares climbed by 2.3% on Tuesday. Meanwhile, top gainers in the sector included Wejo Group Limited (NASDAQ: WEJO ), up 28% and Consolidated Communications Holdings, Inc. (NASDAQ: CNSL ) up 18%. In trading on Tuesday, consumer staples shares fell by 0.6%. Top Headline DICK''S Sporting Goods, Inc. (NYSE: DKS ) reported better-than-expected results for its fourth quarter. Dick''s Sporting Goods posted quarterly earnings of $3.64 per share, beating analysts’ estimates of $3.43 per share. The company’s quarterly sales came in at $3.35 billion, versus expectations of $3.29 billion. Dick''s said it expects FY22 adjusted EPS of $11.70 to $13.10, versus analysts’ estimates of $15.42.
As COVID-19 eases and vaccinations roll out, the retailer is expected to see increased demand for its sports equipment and other outdoor-related products such as exercise apparel.
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DICK'S Sporting Goods, Inc. (DKS) CEO Lauren Hobart on Q4 2021 Results - Earnings Call Transcript

Why Are Dick''s Sporting Goods Shares Trading Higher Today

01:23pm, Tuesday, 08'th Mar 2022 Benzinga
Dick''s Sporting Goods Inc (NYSE: DKS ) reported fourth-quarter FY21 sales growth of 7.3% year-on-year, to $3.35 billion, beating the consensus of $3.29 billion. Same-store sales increased 5.9% versus 19.3% growth last year and a 5.3% increase in the Q4 of FY19. Same-store sales increase included a 14% increase in brick-and-mortar stores and an 11% decrease in eCommerce sales. The gross profit … Full story available on Benzinga.com
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