Dick's Sporting Goods (DKS) is expected to report Q4 results largely in line with subdued market expectations, with analysts describing the upcoming report as potentially "not so bad," Oppenheimer said in a Monday note.

The brokerage said that Dick's Sporting Goods' late-2025 sales may have been affected by mixed consumer spending and aggressive Foot Locker clearance activity, with consensus forecasting Q4 adjusted earnings per share of $2.99 and comparable sales growth of about 2.1%.

Dick's Sporting Goods, reporting Q4 results Thursday, may also clarify its 2026 outlook, with Wall Street projecting $14.82 adjusted EPS, 2.6% comparable sales growth, and 7.7% operating margins, according to the report.

Oppenheimer said the company managed inventory well, with Foot Locker repositioning likely to boost 2026 sales and margins.

Oppenheimer has an outperform rating on Dick's Sporting Goods' stock.

Shares of Dick's Sporting Goods were down 2.5% in Monday trading.

Price: 192.38, Change: -4.87, Percent Change: -2.47