Boston, MA 05/21/2014 (wallstreetpr) – Dicks Sporting Goods Inc. (NYSE:DKS) is a leading retailer in the field of sports. The company is about to announce the Q1 2014 financial results in couple of hours. Previous quarter was reasonably good for the company as it posted 0.9% higher earnings than the last quarter. But nobody is sure about the company’s financial results in the current quarter. All the experts seem to have half backed thoughts about the positive results. Meanwhile there are few factors which one can check to get an idea about the financial performance of the company. Below find such factors-
Use of latest technology:
The first factor which gives a positive hint about the financial performance is the use of latest technology. Though Dicks Sporting Goods Inc. (NYSE:DKS) used the latest technology in all the operations, but still the risk of importing merchandise from foreign markets has raised a question about the FOREX risk. Consumer is quite cautious when it comes to spending and at the same time the economy is not going through a favorable phase.
Negative Earnings estimates:
According to most of the market experts, Dicks Sporting Goods Inc. (NYSE:DKS) is not going to bet the earnings estimates. The current earnings ESP of the company is -1.89% which gives a hint of not so good earnings announcements from the company.
The current economic conditions are not supporting to the company. It is a sluggish phase of economy, especially in the sports good industry. Past few months have brought several negative indications about the financial results of the company. Though the company looks promising as far as long term investments are concerned, but still the uncertainty over short term investment remains unchanged.
The financial performance of the Q1 2014 is just around the corner. If Dicks Sporting Goods Inc. (NYSE:DKS) beats the estimates or not, it will be clear in some time.
