Dick's Sporting Goods' Guidance Worries Most Analysts -- Except 1

Dick's Sporting Goods' Guidance Worries Most Analysts -- Except 1

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

What to make of Dick's Sporting Goods (NYSE: DKS)?

Yesterday, the big sporting goods retail chain reported results that can only be called mixed. Sales for the fiscal third quarter were up year over year, and profits beat estimates -- but were still down sharply from last year's Q3. It didn't take long for Dick's Sporting Goods stock to suffer from the news yesterday, but already this morning, the shares are rebounding and rising past where they stood ahead of earnings Monday.

Continue reading

Source: Fool.com