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 2022 results on Jun 7. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 18.4%.

Q1 Estimates

The Zacks Consensus Estimate for the fiscal first-quarter bottom line is pegged at $1.40 per share, indicating a decline of 25.9% from $1.89 reported in the year-ago quarter.

The consensus mark for revenues is pegged at $1.43 billion, suggesting a decrease of 9.4% from the year-ago quarter’s figure.

Factors to Note

Academy Sports and Outdoors’ fiscal first-quarter performance is likely to have benefited from a focus on product innovation (such as Yellowstone apparel and outdoor pizza ovens), enhancement of customer shopping experience (in-store and online), improvement of merchandise planning and allocation capabilities, increase in targeted marketing, and strengthening of the supply chain. The company’s customer base has been increasing. Partnerships with key national brands, such as Nike, adidas, Under Armour, Columbia and The North Face, are encouraging.

Progress toward the development of a stronger omnichannel business may have driven the company’s performance in the fiscal first quarter. However, inflation, supply-chain blockages and the prospect of tough prior-year comparisons may have weighed on the to-be-reported quarter’s performance. In fiscal 2022, the company expects comparable sales to decline in the range of 4% to 10%.

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 has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell).

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

Stocks Poised to Beat Earnings Estimates

Here are some stocks that investors may consider as our model shows that these have the right combination of elements to post an earnings beat in the quarter to be reported:

Wyndham Hotels & Resorts, Inc. (WH - Free Report) currently has an Earnings ESP of +0.53% and a Zacks Rank #2. The Zacks Consensus Estimate for quarterly earnings per share is pegged at 95 cents, flat year over year.

Wyndham Hotels & Resorts top line is expected to decrease year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $346.6 million, which indicates a decline of 14.6% from the prior-year quarter. WH has a trailing four-quarter earnings surprise of 36.1%, on average.

Hilton Grand Vacations Inc. (HGV - Free Report) currently has an Earnings ESP of +1.86% and a Zacks Rank #3.

Shares of Hilton Grand Vacations’ have increased 1.7% in the past year. HGV’s earnings missed the consensus mark thrice in the trailing four quarters and beat once, the average surprise being 14.9%.

Chipotle Mexican Grill (CMG - Free Report) currently has an Earnings ESP of +2.21% and a Zacks Rank #3. The company is likely to register an increase in the bottom line when it reports second-quarter 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $9.06 suggests an increase of 21.4% from the year-ago reported number.

Chipotle Mexican Grill’s top line is expected to improve year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.24 billion, which indicates growth of 18.6% from the prior-year quarter. CMG has a trailing four-quarter earnings surprise of 9.3%, on average.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.