Academy Sports and Outdoors, Inc. (ASO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Academy Sports and Outdoors, Inc. (ASO) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on September 2, with a consensus estimate of $2.12 per share, reflecting a year-over-year change of +4.4%. Revenues are projected to be $1.61 billion, up 4% from the previous year [3][2]. - The consensus EPS estimate has been revised 0.33% higher over the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model suggests that the Most Accurate Estimate for Academy Sports and Outdoors is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -9.15%, indicating a bearish outlook from analysts [12]. - The stock currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, the company was expected to post earnings of $0.91 per share but only achieved $0.76, resulting in a surprise of -16.48%. Over the last four quarters, the company has only beaten consensus EPS estimates once [13][14]. Conclusion - Academy Sports and Outdoors does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [17].