Academy Sports (ASO) Q4 Earnings Miss, Net Sales Top Estimates [Yahoo! Finance]
Academy Sports and Outdoors, Inc. (ASO)
Company Research
Source: Yahoo! Finance
The top and the bottom lines grew on a year-over-year basis. The results reflect sequential as well as year-over-year increases in comparable sales, attributable to normalizing consumer sentiments and the company's resilient business initiatives. Also, long-term investment plans and brand image position the company well to witness growth prospects in 2024 and beyond, along with ensuring shareholder value. However, an increase in costs and expenses given the risky macroeconomic backdrop dented the bottom line of the company in the quarter. Following the announcement, ASO stock declined 9.6% during the trading hours on Mar 21. Inside the Headlines During the fiscal fourth quarter, the company reported adjusted earnings per share (EPS) of $2.21, missing the Zacks Consensus Estimate of $2.34 by 5.6%. That said, in the year-ago quarter, the company reported an adjusted EPS of $2.04, which was 8.3% down from the reporting period's value. Quarterly net sales of $1.79 billion topp
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ASO
News
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) had its price target lowered by analysts at Wells Fargo & Company from $83.00 to $80.00. They now have an "overweight" rating on the stock.MarketBeat
- Bear of the Day: Academy Sports and Outdoors (ASO) [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) had its price target lowered by analysts at Evercore ISI from $75.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- 3 Top-Ranked Small-Cap Blend Mutual Funds to Invest In [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $85.00 price target on the stock.MarketBeat
ASO
Earnings
- 3/21/24 - Miss
ASO
Sec Filings
- 4/24/24 - Form 4
- 4/23/24 - Form 144
- 4/19/24 - Form ARS
- ASO's page on the SEC website