Academy Sports (NASDAQ:ASO) is gearing up to announce its quarterly earnings on Tuesday, 2024-12-10. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Academy Sports will report an earnings per share (EPS) of $1.28.
The market awaits Academy Sports's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Overview of Past Earnings
In the previous earnings release, the company missed EPS by $0.00, leading to a 1.21% drop in the share price the following trading session.
Here's a look at Academy Sports's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 2.03 | 1.24 | 2.30 | 1.59 |
| EPS Actual | 2.03 | 1.08 | 2.21 | 1.38 |
| Price Change % | -1.0% | 2.0% | -0.0% | 8.0% |
Market Performance of Academy Sports's Stock
Shares of Academy Sports were trading at $50.4 as of December 06. Over the last 52-week period, shares are down 10.72%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
Analyst Insights on Academy Sports
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Academy Sports.
Analysts have given Academy Sports a total of 12 ratings, with the consensus rating being Neutral. The average one-year price target is $61.33, indicating a potential 21.69% upside.
Comparing Ratings with Peers
The below comparison of the analyst ratings and average 1-year price targets of Signet Jewelers, Warby Parker and Upbound Group, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
- Signet Jewelers received a Neutral consensus from analysts, with an average 1-year price target of $95.5, implying a potential 89.48% upside.
- The consensus outlook from analysts is an Outperform trajectory for Warby Parker, with an average 1-year price target of $21.12, indicating a potential 58.1% downside.
- Analysts currently favor an Neutral trajectory for Upbound Group, with an average 1-year price target of $35.5, suggesting a potential 29.56% downside.
Comprehensive Peer Analysis Summary
The peer analysis summary presents essential metrics for Signet Jewelers, Warby Parker and Upbound Group, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|---|---|---|---|---|
| Academy Sports | Neutral | -2.15% | $558.73M | 7.39% |
| Signet Jewelers | Neutral | -3.05% | $485.30M | 0.29% |
| Warby Parker | Outperform | 13.30% | $104.87M | -1.22% |
| Upbound Group | Neutral | 9.17% | $511.09M | 5.11% |
Key Takeaway:
Academy Sports ranks in the middle for revenue growth among its peers. It has the highest gross profit margin. The company's return on equity is higher than two peers but lower than one. Overall, Academy Sports is positioned well compared to its peers in terms of financial performance.
Discovering Academy Sports: A Closer Look
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The product categories of the company are outdoors, apparel, sports & recreation, and footwear.
Key Indicators: Academy Sports's Financial Health
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: Academy Sports's revenue growth over 3 months faced difficulties. As of 31 July, 2024, the company experienced a decline of approximately -2.15%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Academy Sports's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.21%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Academy Sports's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.39% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Academy Sports's ROA stands out, surpassing industry averages. With an impressive ROA of 2.93%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Academy Sports's debt-to-equity ratio is below the industry average at 0.87, reflecting a lower dependency on debt financing and a more conservative financial approach.
To track all earnings releases for Academy Sports visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
