Did Bullish Analysts Misfire on Dick’s Sporting Goods, Inc. (DKS), Western Digital Corporation (WDC)

5 analysts out of 26 Wall Street brokerage firms rate Dick’s Sporting Goods, Inc. (NYSE:DKS) as a Buy, while 1 see it as a Sell. The rest 20 describe it as a Hold. DKS stock traded higher to an intra-day high of $35.96. At one point in session, its potential discontinued and the price was down to lows at $34.88. Analysts have set DKS’s consensus price at $38.11, effectively giving it a 8.95% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $45 (up 28.64% from current price levels). DKS has a 17.5% ROE, higher than the 12.24% average for the industry. The average ROE for the sector is 12.98%.

It is expected that in Apr 2019 quarter DKS will have an EPS of $0.61, suggesting a 3.39% growth. For Jul 2019 is projected at $1.22. It means that there could be a 1.67% growth in the quarter. Yearly earnings are expected to rise by 0.62% to about $3.26. As for the coming year, growth will be about 6.13%, lifting earnings to $3.46. RSI after the last trading period was 40.62. DKS recorded a change of -7.48% over the past week and returned -5% over the last three months while the DKS stock’s monthly performance revealed a shift in price of -4.16%. The year to date (YTD) performance stands at 12.12%, and the bi-yearly performance specified an activity trend of -11.29% while the shares have moved 6.39% for the past 12 months.

Dick’s Sporting Goods, Inc. (DKS) currently trades at $34.98, which is lower by -2.32% its previous price. It has a total of 98.2 million outstanding shares, with an ATR of around 1.32. The company’s stock volume rose to 3.77 million, better than 2.14 million that represents its 50-day average. A 5-day decrease of about -7.48% in its price means DKS is now 12.12% higher on year-to-date. The shares have surrendered $43423.02 since its $40.87 52-week high price recorded on 1st of March 2019. Overall, it has seen a growth rate of 6.39 over the last 12 months. The current price per share is $5.29 above the 52 week low of $29.69 set on 24th of December 2018.

Dick’s Sporting Goods, Inc. (NYSE:DKS)’s EPS was $1.07 as reported for the January quarter. In comparison, the same quarter a year ago had an EPS of $1.22. That means that its growth in general now stands at -12%. Therefore, a prediction of $1.06 given by the analysts brought a positive surprise of 1%. DKS Jan 19 quarter revenue was $2.49 billion, compared to $2.66 billion recorded in same quarter last year, giving it a -6% growth rate. The company’s $-0.17 billion revenue decline that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Western Digital Corporation (NASDAQ:WDC) shares depreciated -2.88% over the last trading period, taking overall 5-day performance up to 1.26%. WDC’s price now at $47.58 is greater than the 50-day average of $44.74. Getting the trading period increased to 200 days, the stock price was seen at $56.89 on average. The general public currently hold control of a total of 289.82 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 290 million. The company’s management holds a total of 0.3%, while institutional investors hold about 87.3% of the remaining shares. WDC share price finished last trade -3.2% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -16.64%, while closing the session with 6.85% distance from 50 day simple moving average.

Western Digital Corporation (WDC) shares were last observed trading -55.52% down since March 16, 2018 when the peak of $106.96 was hit. Last month’s price growth of 0.68% puts WDC performance for the year now at 28.7%. Consequently, the shares price is trending higher by 40.64%, a 52-week worst price since Dec. 26, 2018. However, it is losing value with -13.46% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $46.25 and $46.91. The immediate resistance area is now $48.48 Williams’s %R (14) for WDC moved to 72.84 while the stochastic %K points at 39.59.

WDC’s beta is 1.52; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $2.88 per share from its yearly profit to its outstanding shares. Its last reported revenue is $4.23 billion, which was -21% versus $5.34 billion in the corresponding quarter last year. The EPS for Dec 19 quarter came in at $1.45 compared to $3.95 in the year-ago quarter and had represented -63% year-over-year earnings per share growth. WDC’s ROA is 2.9%, lower than the 3.67% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 10.48%.

Estimated quarterly earnings for Western Digital Corporation (NASDAQ:WDC) are around $0.26 per share in three months through March with $0.29 also the estimate for June quarter of the fiscal year. It means the growth is estimated at -92.26% and -91.5%, respectively. Analysts estimate full-year growth to be -65.21%, the target being $4.7 a share. The upcoming year will see an increase in growth by percentage to -14.04%, more likely to see it hit the $4.04 per share. The firm’s current profit margin over the past 12 months is 4.3%. WDC ranks higher in comparison to an average of -1.94% for industry peers; while the average for the sector is 12.27%.