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

Academy Sports and Outdoors

30/11/2023 14:32

* Academy Sports and Outdoors Inc  ASO.OQ  reported
quarterly
adjusted earnings of $1.38​​ per share for the quarter ended in
October, lower than the same quarter last year, when the company
reported EPS of $1.69.  The mean expectation of
eighteen analysts for the quarter was for earnings of $1.59 per
share. Wall Street expected results to range from $1.32 
to $1.78 per share.
    * Revenue fell 6.4% to $1.40 billion from a year ago;
analysts
expected $1.44 billion. 
    * Academy Sports and Outdoors Inc's reported EPS for the
quarter
was $1.31​.
    * The company reported quarterly net income of $99.98
million.
    * Academy Sports and Outdoors Inc shares had risen by 6.9%
this
quarter and lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, six 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," 2
"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 $65.00 
This summary was machine generated from LSEG data November 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      1.59           1.38           Missed
 Jul. 31 2023      1.99           2.09           Beat
 Apr. 30 2023      1.65           1.30           Missed
 Jan. 31 2023      1.81           2.04           Beat