Sporting goods retailer Academy Sports & Outdoor (NASDAQ: ASO) will be announcing earnings results this Tuesday morning. Here’s what to expect.
Academy Sports missed analysts’ revenue expectations last quarter, reporting revenues of $1.72 billion, up 2.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and full-year revenue guidance missing analysts’ expectations.
Is Academy Sports a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Academy Sports’s revenue to grow 6% year on year, improving from its flat revenue in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
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 2.8%, beating analysts’ expectations by 1.2%, and Dick's reported revenues up 62.7%, topping estimates by 2.1%. Sportsman's Warehouse traded up 2.8% following the results while Dick's was down 2.9%.
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 4.3% on average over the last month. Academy Sports’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $61.42 (compared to the current share price of $51.96).
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