Academy Sports and Outdoors, Inc.: Earnings Overview
Academy Sports and Outdoors, Inc. reported adjusted earnings of $2.03 per share, matching analyst expectations. That’s a modest dip from $2.09 per share in the same quarter last year. Results are presented on an adjusted basis to exclude one-time items.
Earlier, the company faced a shortfall when a forecast of $1.23 per share met an actual result of $1.08, a negative surprise of -12.20% versus expectations.
Across the last four quarters, Academy Sports and Outdoors has not topped the consensus EPS estimate.
Revenue for the Quarter
For the quarter ending July 2024, revenue came in at $1.55 billion. That missed market expectations by 1.43% and declined from $1.58 billion a year ago. Over recent quarters, the company has exceeded revenue expectations only once.
From here, how the stock trades will depend on how these results reset expectations—and what management shares on the earnings call. Those details often add needed color.
Market Performance
Year to date, shares of Academy Sports and Outdoors are down about 20.2%, while the S&P 500 is up 14.7%. The gap puts the company’s performance in sharper relief against the broader market.
What to Watch Next
Earnings estimate revisions tend to steer near-term stock moves. You can track those revisions directly or use established rating frameworks that roll them up.
Right now, the revisions trend for Academy Sports and Outdoors is unfavorable. Following the latest report, the stock holds a Zacks Rank of #4 (Sell), which suggests potential underperformance relative to the market in the near term. Watching how estimates shift for the coming quarters and the full fiscal year remains important.
Consensus currently calls for EPS of $1.44 next quarter with revenue of $1.43 billion. For the current fiscal year, the Street is looking for EPS of $6.51 and total revenue of $6.15 billion.
Industry Backdrop
Industry context matters. The Leisure and Recreation Products group sits in the lower tier of roughly 250 Zacks industries, a positioning that can be a headwind. Historically, industries in the top half of the Zacks rankings have outperformed those in the bottom half.
By comparison, Carnival (CCL), part of the broader Zacks Consumer Discretionary sector, is set to report results for the quarter ending August 2024. Analysts expect earnings of $1.15 per share, up 33.7% year over year, and revenue of $7.8 billion, up 13.7% from last year.
Bottom line: EPS arrived as expected, revenue came up short, and estimate trends are currently leaning negative. Keep an eye on revisions and management’s commentary—quiet shifts there often matter more than a single headline number.
Frequently Asked Questions
What did Academy Sports and Outdoors earn this quarter?
The company reported adjusted earnings of $2.03 per share, in line with analyst expectations and slightly below $2.09 in the year-ago period.
How did revenue stack up against estimates and last year?
Revenue was $1.55 billion for the quarter ending July 2024, missing expectations by 1.43% and down from $1.58 billion in the same quarter last year.
How has the stock performed so far this year?
Shares are down about 20.2% year to date, compared with a 14.7% gain for the S&P 500.
What does the current outlook and Zacks Rank imply?
Estimate revisions are trending unfavorably, and the stock holds a Zacks Rank of #4 (Sell), indicating potential underperformance. The consensus now calls for next-quarter EPS of $1.44 with revenue of $1.43 billion, and full-year EPS of $6.51 on revenue of $6.15 billion.
Why is Carnival mentioned, and what’s expected there?
It offers context within Consumer Discretionary. Carnival is expected to post $1.15 in EPS for the quarter ending August 2024, up 33.7% year over year, on revenue of $7.8 billion, up 13.7% from last year.
