Dick's Sporting Goods Inc. (DKS), the sporting goods retailer, came out with fourth-quarter fiscal 2014 results, wherein earnings of $1.30 per share surpassed the Zacks Consensus Estimate of $1.22.

Moreover, the bottom line surged 17.1% from $1.11 a share earned in the year-ago quarter. Following its fourth quarter results, Dick's Sporting issued earnings and comparable store sales (comps) guidance for the first quarter and for fiscal 2015. For fiscal 2015, the company expects earnings to range from $3.10- $3.20 per share with comps growth of 1%-3%. For the first quarter, the company envisions earnings per share to come in a band of 49- 53 cents, while it anticipates comps to range from flat to a 2% rise.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2014 has been flat, while for 2015, it has been portraying a downtrend in 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 1.6%.

Revenues: Dick's Sporting generated total sales of $2,160 million that jumped 10.9% year over year and cruised ahead of the Zacks Consensus Estimate of $2,115 million. Further, consolidated comps for the quarter grew 3.4%.

Key Events: Dick's Sporting bought back nearly 4.3 million shares for about $200 million in fiscal 2014.

Zacks Rank: Currently, Dick's Sporting carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.