Analysts Estimate Academy Sports and Outdoors, Inc. (ASO) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Academy Sports and Outdoors, Inc. (ASO) due to lower revenues when it reports results for the quarter ended October 2024 [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on December 10, 2024, with a consensus estimate of $1.31 per share, reflecting a year-over-year decrease of 5.1% [3][2]. - Revenues are projected to be $1.37 billion, down 1.7% from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 0.47% lower over the last 30 days, indicating a reassessment by analysts [5]. - The Most Accurate Estimate for ASO is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.26%, suggesting a bearish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a strong predictive power for positive readings [8][9]. - However, the current negative Earnings ESP reading, combined with a Zacks Rank of 4 (Sell), complicates the prediction of an earnings beat for ASO [12]. Historical Performance - In the last reported quarter, ASO met the expected earnings of $2.03 per share, resulting in no surprise [13]. - The company has not beaten consensus EPS estimates in any of the last four quarters [14]. Conclusion - ASO does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of its earnings release [17].