DICK'S Sporting Goods, Inc. (DKS - Analyst Report), the sporting goods retailer, came out with second-quarter fiscal 2015 results, wherein adjusted earnings of 77 cents per share beat the Zacks Consensus Estimate by a couple of cents. Moreover, the bottom line jumped 14.9% from 67 cents a share earned in the year-ago quarter.

For fiscal 2015, the company now expects earnings to range from $3.12 - $3.21 per share with comparable store sales (comps) growth of 1% - 3%. For the third quarter, the company envisions earnings per share to lie in the band of 45 - 48 cents, while it anticipates comps growth in a range of 1% - 3%.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2015 has been nearly stable over the last 30 days. In the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 2.9%.

Revenues: Dick's Sporting generated total sales of nearly $1,823 million that jumped 7.9% year over year, but missed the Zacks Consensus Estimate of $1,832 million. Further, consolidated comps for the quarter grew 1.2%.

Key Events: Dick's Sporting opened 7 namesake stores and 1 Field & Stream store, while it shuttered down three Golf Galaxy stores (on account of lease expiration) during the quarter.

Zacks Rank: Currently, Dick's Sporting carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.