Dick's Sporting Goods (NYSE:DKS) reported its Q1 earnings results yesterday, with EPS coming in at $3.40, above the Street estimate of $3.12. Revenue came in at $2.84 billion, compared to the Street estimate of $2.81 billion.

The company provided its outlook for fiscal 2024, expecting EPS to be in the range of $12.90-$13.80, compared to the Street estimate of $13.33.

Analysts at Oppenheimer look very favorably on recent trends at the company and continue to believe that solid sales and earnings at the chain reflect a now much stronger, better-positioned business model navigating well a more challenged backdrop.