For the quarter ended October 2023, Academy Sports and Outdoors, Inc. (ASO) reported revenue of $1.4 billion, down 6.4% over the same period last year. EPS came in at $1.38, compared to $1.69 in the year-ago quarter.
The reported revenue represents a surprise of -3.90% over the Zacks Consensus Estimate of $1.45 billion. With the consensus EPS estimate being $1.64, the EPS surprise was -15.85%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
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: -8% versus -4.9% estimated by seven analysts on average.
- Stores – EOP: 275 versus 276 estimated by four analysts on average.
- New stores open: 5 compared to the 6 average estimate based on two analysts.
- Net Sales- Merchandise Division Sales- Outdoors: $440.33 million compared to the $479.03 million average estimate based on two analysts.
- Net Sales- Merchandise Division Sales- Sports and recreation: $266.87 million compared to the $263.57 million average estimate based on two analysts.
- Net Sales- Total Merchandise Sales: $1.39 billion versus $1.44 billion estimated by two analysts on average.
- Net Sales- Merchandise Division Sales- Footwear: $308.79 million compared to the $319.85 million average estimate based on two analysts.
- Net Sales- Merchandise Division Sales- Apparel: $373.99 million versus $375.51 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 +13.4% over the past month versus the Zacks S&P 500 composite’s +10.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Only $1 to See All Zacks’ Buys and Sells
We’re not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not – they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They’ve already closed 162 positions with double- and triple-digit gains in 2023 alone.
Academy Sports and Outdoors, Inc. (ASO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.