5 Stocks in The Limelight After Quarterly Reports

4. DICK’S Sporting Goods, Inc. (NYSE:DKS)

Number of Hedge Fund Holders: 31

DICK’S Sporting Goods, Inc. (NYSE:DKS) delivered solid profit and sales for the third quarter along with an upbeat outlook on Tuesday, 23 November 2021. The sporting goods retailer earned $3.19 per share on an adjusted basis, crushing the consensus forecast of $2.06 per share.

In addition, the quarterly revenue of $2.75 billion easily surpassed the expectations of $2.51 billion. Moreover, the same-store sales growth of 12.2 percent was also way better than the consensus forecast of 3.5 percent growth. DICK’S Sporting Goods, Inc. (NYSE:DKS) had posted adjusted earnings of $2.01 per share on revenue of $2.41 billion for the comparable period of 2020.

Looking forward, DICK’S Sporting Goods, Inc. (NYSE:DKS) expects adjusted earnings in the range of $14.60 – $14.80 per share and revenue between $12.12 – $12.19 billion for the full year.

CEO Lauren Hobart expressed her satisfaction with the results, saying:

“We are extremely pleased to announce a record third quarter in which we delivered significant sales and earnings growth over both last year and 2019. Consumer demand remained strong, and our differentiated product assortment continued to drive exceptional sales and merchandise margin momentum.”