Academy Sports and Outdoors Inc reports results for the quarter ended in April - Earnings Summary

Academy Sports and Outdoors

11/06/2024 14:30

* Academy Sports and Outdoors Inc  ASO.OQ  reported
quarterly
adjusted earnings of $1.08​​ per share for the quarter ended in
April, lower than the same quarter last year, when the company
reported EPS of $1.30.  The mean expectation of
eighteen analysts for the quarter was for earnings of $1.22 per
share. Wall Street expected results to range from $1.04 
to $1.32 per share.
    * Revenue fell 1.4% to $1.36 billion from a year ago;
analysts
expected $1.38 billion. 
    * Academy Sports and Outdoors Inc's reported EPS for the
quarter
was $1.01​.
    * The company reported quarterly net income of $76.47
million.
    * Academy Sports and Outdoors Inc shares had fallen by 20.9%
this
quarter and lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Academy Sports
and Outdoors Inc is $77.00 
This summary was machine generated from LSEG data June 11 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      1.22           1.08           Missed
 Jan. 31 2024      2.31           2.21           Missed
 Oct. 31 2023      1.59           1.38           Missed
 Jul. 31 2023      1.99           2.09           Beat