Earnings Preview: Baidu, Dick’s Sporting Goods, Lowe’s, Macy’s, Zoom Video

Sporting gear retailer Dick’s Sporting Goods Inc. (NYSE: DKS) has posted a share price gain of 28.5% over the past 12 months, led by a year-to-date jump of 20%. After reporting good first-quarter results, the stock dropped about 18% over the next four weeks before recovering. In recent weeks, however, it has given some of the gains back as investors worry about consumer spending in the back half of the year. Again, guidance could make the difference between good news and bad for the company’s stock. Look for the report before markets open on Tuesday.

Analyst sentiment is mildly bullish, with 13 of 27 ratings at Buy or Strong Buy. Another 13 analysts rate the stock at Hold. At a share price of around $144.30, the upside potential based on a median price target of $160.00 is 10.9%. At the high target of $200.00, the upside potential is 38.6%.

For the company’s second quarter of fiscal 2024, analysts are expecting revenue of $3.24 billion, up 13.9% sequentially and by 4.2% year over year. Adjusted EPS are forecast at $3.80, up 11.9% sequentially and 3.3% higher year over year. For the full fiscal year ending in January, EPS are forecast to come in at $13.50, up 12.1%, on sales of $12.85 billion, up 3.9%.

The stock trades at 10.7 times expected 2024 EPS, 10.5 times estimated 2025 earnings of $13.78 and 9.8 times estimated 2026 earnings of $14.70 per share. The 52-week trading  range is $98.01 to $152.61. The company pays an annual dividend of $2.98 (yield of 2.03%). Total shareholder return for the past year was 31.50%.

Lowe’s

Over the past 12 months, the share price of Lowe’s Companies Inc. (NYSE: LOW) has increased by a modest 1.3%. The stock has added 9.5% to date in 2023, and the shares were climbing steadily until late July. Then macroeconomic worries set in. For Lowe’s and rival Home Depot, the weak housing market continues to put pressure on revenue and sales. Investors will want to hear good news about improved performance. Lowe’s reports results early  Tuesday.

Of 33 analysts covering the company, 19 have a Buy or Strong Buy rating. Another 13 rate the stock at Hold. At a share price of around $218.00, the upside potential to a median price target of $238.50 is 9.4%. At the high price target of $290.00, the upside potential is 33%.

Fiscal second-quarter revenue is forecast at $24.98 billion, up 11.8% sequentially but down 9.1% year over year. Adjusted EPS are expected to come in at $4.48, up 22.1% sequentially and 4.1% lower year over year. For the full 2024 fiscal year ending in January, analysts expect EPS of $13.38, down 2.6%, on sales of $88.05 billion, down 9.3%.

Lowe’s stock trades at 16.3 times expected 2024 EPS, 15.0 times estimated 2025 earnings of $14.56 and 13.4 times estimated 2026 earnings of $16.27 per share. The 52-week range is $176.50 to $237.21, and the company pays an annual dividend of $4.40 (yield of 1.97%). Total shareholder return for the past year is 3.36%.