Academy Sports and Outdoors Inc reports results for the quarter ended April 30 - Earnings Summary

• Academy Sports and Outdoors Inc ASO.OQ reported quarterly adjusted earnings of 76 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of nineteen analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 82 cents to $1.01 per share.

• Revenue fell 0.9% to $1.35 billion from a year ago; analysts expected $1.37 billion.

• Academy Sports and Outdoors Inc's reported EPS for the quarter was 68 cents​.

• The company reported quarterly net income of $46.08 million.

• Academy Sports and Outdoors Inc shares had fallen by 2.7% this quarter and lost 22.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is also "buy"

• Wall Street's median 12-month price target for Academy Sports and Outdoors Inc is $55.00

This summary was machine generated from LSEG data June 10 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)