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Academy Sports and Outdoors, Inc. (ASO) Gains As Market Dips: What You Should Know
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Academy Sports and Outdoors, Inc. (ASO - Free Report) closed at $34.27 in the latest trading session, marking a +0.44% move from the prior day. This move outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 0.67%.
Coming into today, shares of the company had lost 8.28% in the past month. In that same time, the Consumer Discretionary sector lost 4.69%, while the S&P 500 lost 5.92%.
Academy Sports and Outdoors, Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Academy Sports and Outdoors, Inc. to post earnings of $1.29 per share. This would mark year-over-year growth of 18.35%. Our most recent consensus estimate is calling for quarterly revenue of $1.75 billion, up 9.7% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Academy Sports and Outdoors, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Academy Sports and Outdoors, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Academy Sports and Outdoors, Inc. has a Forward P/E ratio of 5.54 right now. Its industry sports an average Forward P/E of 12.27, so we one might conclude that Academy Sports and Outdoors, Inc. is trading at a discount comparatively.
Investors should also note that ASO has a PEG ratio of 0.37 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Leisure and Recreation Products industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ASO in the coming trading sessions, be sure to utilize Zacks.com.
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Academy Sports and Outdoors, Inc. (ASO) Gains As Market Dips: What You Should Know
Academy Sports and Outdoors, Inc. (ASO - Free Report) closed at $34.27 in the latest trading session, marking a +0.44% move from the prior day. This move outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 0.67%.
Coming into today, shares of the company had lost 8.28% in the past month. In that same time, the Consumer Discretionary sector lost 4.69%, while the S&P 500 lost 5.92%.
Academy Sports and Outdoors, Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Academy Sports and Outdoors, Inc. to post earnings of $1.29 per share. This would mark year-over-year growth of 18.35%. Our most recent consensus estimate is calling for quarterly revenue of $1.75 billion, up 9.7% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Academy Sports and Outdoors, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Academy Sports and Outdoors, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Academy Sports and Outdoors, Inc. has a Forward P/E ratio of 5.54 right now. Its industry sports an average Forward P/E of 12.27, so we one might conclude that Academy Sports and Outdoors, Inc. is trading at a discount comparatively.
Investors should also note that ASO has a PEG ratio of 0.37 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Leisure and Recreation Products industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ASO in the coming trading sessions, be sure to utilize Zacks.com.