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Retail Stocks: Dick’s Sporting Goods, Dollar Tree, Nordstrom Earnings Due With Holiday

Dick’s Sporting Goods (DKS), Dollar Tree (DLTR) and Nordstrom (JWN) are preparing to report retail earnings for the third quarter Tuesday ahead of the key holiday shopping season. Retail stocks were mixed Monday.


Retail earnings have been decidedly mixed in the past week, as buying patterns shift depending on the consumer and the goods being sold.

Outlook for the critical holiday quarter will be key.

Last Thursday, Macy’s (M) raised its full-year earnings outlook but kept revenue guidance unchanged, after delivering an overall Q3 beat. Macy’s, which also owns Bloomingdale’s, tied guidance in part to a consumer “under increasing pressure” amid rapid inflation.

Earlier on Tuesday, Walmart (WMT) reported better-than-expected earnings and raised guidance. But Target (TGT) followed up a day later with a bigger-than-expected EPS decline and warned on the holidays, saying its shoppers are downshifting further.

On Friday, Foot Locker (FL) reported much-better-than-expected results, good news for Dick’s.

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Dick’s Sporting Goods Earnings, DKS Stock

Estimates: Analysts polled by FactSet expect Dick’s Sporting Goods earnings to plunge 29%, year over year, to $2.27 per share. That would mark the third consecutive quarter of earnings deceleration. Revenue is seen falling 1.7% to $2.702 billion. Same-store sales are seen falling 2.2%, vs. a 12.2% gain a year ago but improving from a 5.1% decline the prior quarter.

Results: Check back Tuesday before the market open.

Outlook: For Q4, analysts expect DKS earnings to fall 27% a share to $2.68.

Shares of Dick’s Sporting Goods fell 1.5% to 107.48 on the stock market today, below the 50-day moving average but above the 200-day average. The market sold off broadly Monday amid China Covid and inflation fears.

DKS stock plunged on Nov. 16 on Target’s holiday warning, but then rebounded two days later on Foot Locker’s results.

DKS stock sits 9% below a 118.18 buy point from a double-bottom base, MarketSmith chart analysis shows.

The relative strength line for DKS stock has pulled back slightly from September and October highs after surging over the summer.

Dollar Tree Earnings, DLTR Stock

Estimates: Analysts forecast Dollar Tree earnings will rebound 23% to $1.18 per share. Revenue is seen growing 7% to $6.844 billion. Same-store sales are seen rising 4.6% vs. a 1.6% gain a year ago.

Results: Check back Tuesday before the market open.

Outlook: For Q4, analysts see DLTR earnings rising 6% to $2.13.

Shares gained 1.1% to 165.17 on Monday, extending last week’s losses but finding support just above the 21-day line. DLTR stock trades 6% below a 175.78 buy point from a cup base. A weekly chart shows a cup-with-handle base with a 170.46 buy point.

Nordstrom Earnings, JWN Stock

Estimates: Analysts forecast Nordstrom earnings will tank 62% to 15 cents per share. Total revenue is seen falling 4% to $3.495 billion. Same-store sales are seen falling 4.1% vs. a 17.8% gain a year ago.

Results: Check back Tuesday after the market close.

Outlook: For Q4, analysts see Nordstrom earnings rising 17% to $1.44.

Shares fell 0.6% to 21.32 on Monday. JWN stock is above the 50-day average but below the 200-day line.


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Read More: Retail Stocks: Dick’s Sporting Goods, Dollar Tree, Nordstrom Earnings Due With Holiday

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