Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) will be reporting results tomorrow before market open. Here’s what you need to know.
Academy Sports met analysts’ revenue expectations last quarter, reporting revenues of $1.68 billion, down 6.6% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ gross margin estimates.
Is Academy Sports a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Academy Sports’s revenue to be flat year on year at $1.37 billion, improving from the 1.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Academy Sports has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Academy Sports’s peers in the specialty retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Sportsman's Warehouse delivered year-on-year revenue growth of 2%, beating analysts’ expectations by 4.6%, and Dick's reported revenues up 5.2%, topping estimates by 0.7%. Sportsman's Warehouse traded up 11.3% following the results while Dick's was also up 4.1%.
Read our full analysis of Sportsman's Warehouse’s results here and Dick’s results here.
There has been positive sentiment among investors in the specialty retail segment, with share prices up 3.4% on average over the last month. Academy Sports is down 7.5% during the same time and is heading into earnings with an average analyst price target of $54.94 (compared to the current share price of $42.93).
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