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Academy Sports and Outdoors, Inc. (ASO) Stock Sinks As Market Gains: What You Should Know
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Academy Sports and Outdoors, Inc. (ASO - Free Report) closed the most recent trading day at $35.81, moving -0.44% from the previous trading session. This move lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.54%.
Heading into today, shares of the company had lost 6.72% over the past month, outpacing the Consumer Discretionary sector's loss of 17.6% and the S&P 500's loss of 11.03% in that time.
Academy Sports and Outdoors, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.40, down 25.93% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.43 billion, down 9.41% from the year-ago period.
ASO's full-year Zacks Consensus Estimates are calling for earnings of $7.02 per share and revenue of $6.66 billion. These results would represent year-over-year changes of -7.63% and -1.64%, respectively.
Investors might also notice 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Academy Sports and Outdoors, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Academy Sports and Outdoors, Inc.'s current valuation metrics, including its Forward P/E ratio of 5.13. For comparison, its industry has an average Forward P/E of 7.76, which means Academy Sports and Outdoors, Inc. is trading at a discount to the group.
Also, we should mention that ASO has a PEG ratio of 0.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Products was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Academy Sports and Outdoors, Inc. (ASO) Stock Sinks As Market Gains: What You Should Know
Academy Sports and Outdoors, Inc. (ASO - Free Report) closed the most recent trading day at $35.81, moving -0.44% from the previous trading session. This move lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.54%.
Heading into today, shares of the company had lost 6.72% over the past month, outpacing the Consumer Discretionary sector's loss of 17.6% and the S&P 500's loss of 11.03% in that time.
Academy Sports and Outdoors, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.40, down 25.93% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.43 billion, down 9.41% from the year-ago period.
ASO's full-year Zacks Consensus Estimates are calling for earnings of $7.02 per share and revenue of $6.66 billion. These results would represent year-over-year changes of -7.63% and -1.64%, respectively.
Investors might also notice 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Academy Sports and Outdoors, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Academy Sports and Outdoors, Inc.'s current valuation metrics, including its Forward P/E ratio of 5.13. For comparison, its industry has an average Forward P/E of 7.76, which means Academy Sports and Outdoors, Inc. is trading at a discount to the group.
Also, we should mention that ASO has a PEG ratio of 0.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Products was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.