Academy Sports and Outdoors Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Academy Sports (NASDAQ:ASO)

Core Insights - Academy Sports and Outdoors, Inc. is set to release its third-quarter earnings results on December 9, with expected earnings of $1.06 per share, an increase from $0.98 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $1.41 billion, compared to $1.34 billion a year earlier [1] Recent Performance - In the second quarter, the company reported adjusted earnings per share of $1.94, which fell short of the analyst consensus estimate of $2.16 [2] - Quarterly sales were $1.599 billion, reflecting a year-over-year increase of 3.3%, but also missed the expected $1.614 billion [2] - Following the earnings report, shares of Academy Sports and Outdoors rose by 1.9%, closing at $50.23 [2] Analyst Ratings - Evercore ISI Group analyst Greg Melich maintained an In-Line rating and raised the price target from $50 to $55 [5] - Barclays analyst Adrienne Yih initiated coverage with an Equal-Weight rating and a price target of $51 [5] - Guggenheim analyst John Heinbockel maintained a Buy rating with a price target of $60 [5] - Citigroup analyst Paul Lejuez downgraded the stock from Buy to Neutral, reducing the price target from $55 to $50 [5] - JP Morgan analyst Christopher Horvers maintained a Neutral rating and increased the price target from $54 to $56 [5]