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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 the most recent trading day at $33.89, moving +1.13% from the previous trading session. This change outpaced the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq added 0.24%.
Prior to today's trading, shares of the company had lost 13.97% over the past month. This has lagged the Consumer Discretionary sector's loss of 0.32% and the S&P 500's gain of 0.32% in that time.
Investors will be hoping for strength from Academy Sports and Outdoors, Inc. as it approaches its next earnings release, which is expected to be June 7, 2022. The company is expected to report EPS of $1.40, down 25.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.43 billion, down 9.41% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $6.66 billion, which would represent changes of -7.63% and -1.64%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Academy Sports and Outdoors, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Academy Sports and Outdoors, Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Academy Sports and Outdoors, Inc. is currently trading at a Forward P/E ratio of 4.78. This represents a discount compared to its industry's average Forward P/E of 8.91.
It is also worth noting that ASO currently has a PEG ratio of 0.32. 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 was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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 the most recent trading day at $33.89, moving +1.13% from the previous trading session. This change outpaced the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq added 0.24%.
Prior to today's trading, shares of the company had lost 13.97% over the past month. This has lagged the Consumer Discretionary sector's loss of 0.32% and the S&P 500's gain of 0.32% in that time.
Investors will be hoping for strength from Academy Sports and Outdoors, Inc. as it approaches its next earnings release, which is expected to be June 7, 2022. The company is expected to report EPS of $1.40, down 25.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.43 billion, down 9.41% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $6.66 billion, which would represent changes of -7.63% and -1.64%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Academy Sports and Outdoors, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Academy Sports and Outdoors, Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Academy Sports and Outdoors, Inc. is currently trading at a Forward P/E ratio of 4.78. This represents a discount compared to its industry's average Forward P/E of 8.91.
It is also worth noting that ASO currently has a PEG ratio of 0.32. 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 was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.