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Here's What Key Metrics Tell Us About Academy Sports and Outdoors, Inc. (ASO) Q1 Earnings

Zacks Equity Research
·2-min read

For the quarter ended April 2023, Academy Sports and Outdoors, Inc. (ASO) reported revenue of $1.38 billion, down 5.7% over the same period last year. EPS came in at $1.30, compared to $1.73 in the year-ago quarter.

The reported revenue represents a surprise of -4.16% over the Zacks Consensus Estimate of $1.44 billion. With the consensus EPS estimate being $1.58, the EPS surprise was -17.72%.

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.

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Here is how Academy Sports and Outdoors, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Comparable Sales Growth: -7.3% compared to the -3.83% average estimate based on three analysts.

  • Merchandise Division Sales- Outdoors: $389.04 million versus the two-analyst average estimate of $440.13 million.

  • Merchandise Division Sales- Sports and recreation: $343.58 million versus the two-analyst average estimate of $350.97 million.

  • Total Merchandise Sales: $1.37 billion compared to the $1.45 billion average estimate based on two analysts.

  • Merchandise Division Sales- Footwear: $296.30 million versus $311.11 million estimated by two analysts on average.

  • Merchandise Division Sales- Apparel: $345.23 million versus $349.66 million estimated by two analysts on average.

View all Key Company Metrics for Academy Sports and Outdoors, Inc. here>>>

Shares of Academy Sports and Outdoors, Inc. have returned -19.9% over the past month versus the Zacks S&P 500 composite's +3.6% 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, Inc. (ASO) : Free Stock Analysis Report

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Zacks Investment Research