Why Dicks Sporting Goods (DKS) Stock Is Surging Today

NEW YORK (TheStreet) -- Shares of Dicks Sporting Goods Inc. (DKS) are higher by 6.8% to $46.47 on Tuesday after the company reported net income for the 2014 second quarter of $81.7 million, or 67 cents per diluted share, that exceeded the FactSet consensus expectation of 65 cents per share.

The sporting goods retailer reported a 10.3% growth in net sales for the most recent quarter to $1.7 billion, while analysts were expecting revenue of $1.65 billion.

Dicks Sporting Goods said it is expecting full year 2014 earnings between $2.70 and $2.85, while analysts have forecast earnings of $2.78 a share for the year.

TheStreet's Julia Sun has details on Dick's latest quarterly report:

WATCH: More market update videos on TheStreet TV

Separately, TheStreet Ratings team rates DICKS SPORTING GOODS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate DICKS SPORTING GOODS INC (DKS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."

You can view the full analysis from the report here: DKS Ratings Report

If you liked this article you might like

It's Bizarre That Billionaire Warren Buffett Is Kinda Invested in Dying Sears

Hibbett Sports Is Worth a Shot After Sporting Goods Misses

Amazon Must Fear Walmart

Amazon-Walmart Horse Race; Washington Chaos -- Jim Cramer's Top Thoughts