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Academy Sports and Outdoors (ASO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended April 2024, Academy Sports and Outdoors, Inc. (ASO - Free Report) reported revenue of $1.36 billion, down 1.4% over the same period last year. EPS came in at $1.08, compared to $1.30 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.37 billion, representing a surprise of -0.76%. The company delivered an EPS surprise of -12.20%, with the consensus EPS estimate being $1.23.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Academy Sports and Outdoors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable Sales Growth: -5.7% compared to the -3.3% average estimate based on five analysts.
Stores - EOP: 284 versus the two-analyst average estimate of 285.
Net Sales- Merchandise Division Sales- Outdoors: $374.91 million versus the two-analyst average estimate of $409.17 million. The reported number represents a year-over-year change of -3.6%.
Net Sales- Merchandise Division Sales- Sports and recreation: $350.59 million versus the two-analyst average estimate of $323.21 million. The reported number represents a year-over-year change of +2%.
Net Sales- Other Sales: $10.66 million versus the two-analyst average estimate of $24.04 million. The reported number represents a year-over-year change of +12.8%.
Net Sales- Merchandise Division Sales- Footwear: $292.44 million versus $284.74 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.
Net Sales- Total Merchandise Sales: $1.35 billion compared to the $1.38 billion average estimate based on two analysts. The reported number represents a change of -1.5% year over year.
Net Sales- Merchandise Division Sales- Apparel: $335.62 million compared to the $360.91 million average estimate based on two analysts. The reported number represents a change of -2.8% year over year.
Shares of Academy Sports and Outdoors have returned -5.2% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Academy Sports and Outdoors (ASO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended April 2024, Academy Sports and Outdoors, Inc. (ASO - Free Report) reported revenue of $1.36 billion, down 1.4% over the same period last year. EPS came in at $1.08, compared to $1.30 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.37 billion, representing a surprise of -0.76%. The company delivered an EPS surprise of -12.20%, with the consensus EPS estimate being $1.23.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Academy Sports and Outdoors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Sales Growth: -5.7% compared to the -3.3% average estimate based on five analysts.
- Stores - EOP: 284 versus the two-analyst average estimate of 285.
- Net Sales- Merchandise Division Sales- Outdoors: $374.91 million versus the two-analyst average estimate of $409.17 million. The reported number represents a year-over-year change of -3.6%.
- Net Sales- Merchandise Division Sales- Sports and recreation: $350.59 million versus the two-analyst average estimate of $323.21 million. The reported number represents a year-over-year change of +2%.
- Net Sales- Other Sales: $10.66 million versus the two-analyst average estimate of $24.04 million. The reported number represents a year-over-year change of +12.8%.
- Net Sales- Merchandise Division Sales- Footwear: $292.44 million versus $284.74 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.
- Net Sales- Total Merchandise Sales: $1.35 billion compared to the $1.38 billion average estimate based on two analysts. The reported number represents a change of -1.5% year over year.
- Net Sales- Merchandise Division Sales- Apparel: $335.62 million compared to the $360.91 million average estimate based on two analysts. The reported number represents a change of -2.8% year over year.
View all Key Company Metrics for Academy Sports and Outdoors here>>>Shares of Academy Sports and Outdoors have returned -5.2% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.