Dick's Sporting Goods Q2 earnings preview: EPS expected at $3.80
- Dick's Sporting Goods reports Q2 earnings on Aug 25 with EPS estimated at $3.80, down from $4.38 YoY
- Revenue consensus stands at $5.65 billion, up significantly from $3.65 billion in the prior year period
- Wells Fargo and JP Morgan recently upgraded the stock to Overweight with raised price targets
- Shares fell 6.3% to $179.34 on Thursday ahead of the earnings release
- Divergence between strong revenue growth and lower EPS suggests margin pressure or cost increases

*this image is generated using AI for illustrative purposes only.
Dick's Sporting Goods Inc (NYSE: DKS) will release its second-quarter earnings before the market opens on Tuesday, August 25. The Coraopolis, Pennsylvania-based retailer faces a consensus estimate for quarterly earnings of $3.80 per share, a decline from the $4.38 per share reported in the year-ago period.
Analysts project quarterly revenue to reach $5.65 billion, a significant increase from the $3.65 billion logged last year. This revenue growth contrasts with the expected drop in per-share profitability, suggesting potential margin compression or increased share count impacts not detailed in the current estimates.
Analyst Ratings and Price Targets
Despite the lower earnings forecast, several top analysts have recently upgraded or maintained positive ratings on the stock, raising their price targets significantly.
| Analyst | Firm | Rating Change | Price Target | Date |
|---|---|---|---|---|
| Michael Baker | DA Davidson | Maintained Buy | $260 | Aug 17, 2026 |
| Ike Boruchow | Wells Fargo | Upgraded to Overweight | $240 | Aug 10, 2026 |
| Christopher Horvers | JP Morgan | Upgraded to Overweight | $270 | May 28, 2026 |
| Adrienne Yih | Barclays | Maintained Overweight | $280 | May 28, 2026 |
| Simeon Gutman | Morgan Stanley | Maintained Overweight | $270 | May 28, 2026 |
Wells Fargo analyst Ike Boruchow upgraded the stock from Equal-Weight to Overweight and raised the price target from $220 to $240 on August 10, 2026. Similarly, JP Morgan analyst Christopher Horvers upgraded the rating from Neutral to Overweight, increasing the target from $240 to $270 in late May.
What the Numbers Show
The divergence between the projected revenue surge and the declining EPS estimate warrants attention. While revenue is expected to jump by over 50% year-over-year (from $3.65 billion to $5.65 billion), earnings per share are projected to fall by approximately 13%. This suggests that operating expenses or cost of goods sold may be rising faster than top-line growth, or that non-operational factors are impacting the bottom line. Investors should monitor the upcoming earnings call for clarity on margin dynamics.
Market Reaction
Shares of Dick's Sporting Goods fell 6.3% to close at $179.34 on Thursday, reflecting market caution ahead of the report. The company previously reported mixed first-quarter financial results on May 27.
What specific cost drivers or margin pressures is management citing to explain the divergence between 50% revenue growth and declining EPS?
How will the recent analyst upgrades from Wells Fargo and JP Morgan influence institutional positioning ahead of the August 25 earnings release?
Does the projected revenue surge indicate a successful recovery in consumer discretionary spending, or is it driven by promotional activity that may not be sustainable?




























