Ahead of Academy Sports and Outdoors (ASO) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Wall Street analysts expect Academy Sports and Outdoors, Inc. (ASO) to post quarterly earnings of $2.12 per share in its upcoming report, which indicates a year-over-year increase of 9.3%. Revenues are expected to be $1.66 billion, up 3.8% from the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Academy Sports and Outdoors metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts expect 'Net Sales- Merchandise Division Sales- Outdoors' to come in at $454.97 million. The estimate indicates a change of +1.3% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Net Sales- Merchandise Division Sales- Sports and recreation' of $380.16 million. The estimate indicates a change of +2.8% from the prior-year quarter.

Analysts predict that the 'Net Sales- Total Merchandise Sales' will reach $1.62 billion. The estimate indicates a year-over-year change of +1.8%.

Based on the collective assessment of analysts, 'Net Sales- Merchandise Division Sales- Footwear' should arrive at $323.48 million. The estimate points to a change of +0.1% from the year-ago quarter.

The consensus estimate for 'Net Sales- Merchandise Division Sales- Apparel' stands at $462.81 million. The estimate suggests a change of +2.6% year over year.

The consensus among analysts is that 'Stores - EOP' will reach 327 . The estimate is in contrast to the year-ago figure of 306 .

Shares of Academy Sports and Outdoors have experienced a change of -8.9% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), ASO is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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