Back to top

Image: Bigstock

What's in Store for Academy Sports and Outdoors (ASO) Q1 Earnings?

Read MoreHide Full Article

Academy Sports and Outdoors, Inc. (ASO - Free Report) is scheduled to report first-quarter fiscal 2021 results on Jun 8. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 75.8%.

Factors to Note

The company’s first-quarter performance is likely to have benefited from robust consumer demand across all markets and merchandise divisions, primarily Sports & Recreation. Robust e-commerce sales are likely to get reflected in the to-be-reported quarter’s top line. In fourth-quarter 2020, e-commerce sales rose 60.7% driven by growth in website visit. Moreover, increase in demand for indoor and outdoor games, bikes, fitness equipment and outdoor cooking bode well. However, soft performance of the company’s businesses including licensed apparel, team sports equipment, apparel and footwear and back-to-school might have dented performance.

What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Academy Sports and Outdoors this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Academy Sports and Outdoors, which shares space with Vista Outdoor Inc. (VSTO - Free Report) , Sturm, Ruger & Company, Inc. (RGR - Free Report) and American Outdoor Brands, Inc. (AOUT - Free Report) , has an Earnings ESP of 0.00% and a Zacks Rank #1.

You can see the complete list of today’s Zacks #1 Rank stocks here.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>