Academy Sports Analysts Increase Their Forecasts Following Q3 Results - Academy Sports (NASDAQ:ASO)

Core Viewpoint - Academy Sports and Outdoors, Inc reported mixed third-quarter results, with adjusted earnings per share exceeding analyst expectations but quarterly sales falling short of projections [1][2]. Financial Performance - The company reported third-quarter adjusted earnings per share of $1.14, surpassing the analyst consensus estimate of $1.06 [1]. - Quarterly sales reached $1.384 billion, reflecting a 3.0% year-over-year increase, but missed the expected $1.403 billion [1]. Fiscal Guidance - Academy Sports revised its fiscal 2025 adjusted EPS guidance to a range of $5.65–$6.15, slightly down from the previous forecast of $5.60–$6.30, while the consensus estimate stands at $5.80 [2]. - The company increased its fiscal 2025 sales outlook to between $6.025 billion and $6.200 billion, compared to the prior guidance of $6.000 billion to $6.265 billion, with the analyst estimate at $6.128 billion [2]. Stock Performance - Following the earnings announcement, Academy Sports and Outdoors shares rose by 1.7%, trading at $53.96 [2]. Analyst Ratings and Price Targets - B of A Securities analyst Robert Ohmes maintained a Neutral rating and raised the price target from $55 to $58 [4]. - Barclays analyst Adrienne Yih maintained an Equal-Weight rating and increased the price target from $51 to $59 [4]. - UBS analyst Michael Lasser also maintained a Neutral rating, raising the price target from $52 to $54 [4].