Dick's Sporting Goods' (DKS) upcoming Q4 results will have investors focus on the company's guidance for 2026 as well as the quarterly core brand comparable store sales, UBS Securities said in a note emailed Tuesday.

Assuming a 2% to 3% accretion in 2026 from the Foot Locker deal and taking the mid-point of the company's 2025 earnings per share guidance of $14.25 to $14.55 will translate to a mid-point of $14.75 without expecting any growth from its core segment, which UBS said it views as the base 2026 estimate, versus consensus of $14.94.

Another key focus of the Q4 print will be the core brand comparable store sales, UBS said. While the metric sees a tough comparison from last year, investor expectations have risen for the past few months and currently the buyside is expecting 3% for the DKS stand-alone this quarter compared with consensus of 2.1%, according to UBS.

Dick's will release its Q4 results on March 12.

UBS maintained its buy rating with a $275 price target.

Price: 202.06, Change: -1.98, Percent Change: -0.97