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Seeking Clues to Academy Sports and Outdoors (ASO) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
ASOAcademy(ASO) ZACKS·2024-06-06 14:15

Core Insights - Academy Sports and Outdoors, Inc. (ASO) is expected to report quarterly earnings of 1.24pershare,adeclineof4.61.24 per share, a decline of 4.6% year-over-year, with revenues forecasted at 1.37 billion, reflecting a decrease of 0.7% compared to the same period last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have collectively reevaluated their initial estimates [1] - Analysts' revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [1] Revenue Estimates - Analysts estimate 'Net Sales- Merchandise Division Sales- Outdoors' to be 409.17million,indicatingayearoveryearincreaseof5.2409.17 million, indicating a year-over-year increase of 5.2% [2] - 'Net Sales- Merchandise Division Sales- Sports and recreation' is forecasted to reach 323.21 million, reflecting a decrease of 5.9% from the prior-year quarter [2] - 'Net Sales- Other Sales' is predicted to be 24.04million,showingasubstantialincreaseof154.224.04 million, showing a substantial increase of 154.2% from the year-ago quarter [2] Additional Sales Metrics - 'Net Sales- Merchandise Division Sales- Footwear' is expected to be 284.74 million, a decline of 3.9% from the prior-year quarter [3] - The consensus estimate for 'Net Sales- Total Merchandise Sales' stands at 1.38billion,indicatingaslightincreaseof0.31.38 billion, indicating a slight increase of 0.3% year-over-year [3] - 'Net Sales- Merchandise Division Sales- Apparel' is projected to reach 360.91 million, reflecting a year-over-year increase of 4.5% [3] - Analysts expect 'Stores - EOP' to total 285, an increase from 269 reported in the same quarter last year [3] Stock Performance - Over the past month, shares of Academy Sports and Outdoors have returned -0.7%, while the Zacks S&P 500 composite has increased by 4.6% [3] - ASO currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [3]