What To Expect From Academy Sports's (ASO) Q1 Earnings

Max Juang /
2024/06/10 3:00 am EDT

Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) will be announcing earnings results tomorrow before the bell. Here's what investors should know.

Academy Sports met analysts' revenue expectations last quarter, reporting revenues of $1.79 billion, up 2.8% year on year. It was a weaker quarter for the company, with underwhelming revenue and earnings guidance for the full year.

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 $1.38 billion, improving from the 5.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share.

Academy Sports Total Revenue

The majority of analysts covering the company have 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 sports & outdoor equipment retailer segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Dick's delivered year-on-year revenue growth of 6.2%, beating analysts' expectations by 2.7%, and Sportsman's Warehouse reported a revenue decline of 8.7%, falling short of estimates by 1.6%. Dick's traded up 15% following the results while Sportsman's Warehouse was down 12.2%.

Read our full analysis of Dick's results here and Sportsman's Warehouse's results here.

Investors in the sports & outdoor equipment retailer segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Academy Sports is down 1.3% during the same time and is heading into earnings with an average analyst price target of $75.8 (compared to the current share price of $55.6).

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