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Compared to Estimates, Academy Sports and Outdoors, Inc. (ASO) Q3 Earnings: A Look at Key Metrics
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For the quarter ended October 2023, Academy Sports and Outdoors, Inc. (ASO - Free Report) reported revenue of $1.4 billion, down 6.4% over the same period last year. EPS came in at $1.38, compared to $1.69 in the year-ago quarter.
The reported revenue represents a surprise of -3.90% over the Zacks Consensus Estimate of $1.45 billion. With the consensus EPS estimate being $1.64, the EPS surprise was -15.85%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Academy Sports and Outdoors, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable Sales Growth: -8% versus -4.9% estimated by seven analysts on average.
Stores - EOP: 275 versus 276 estimated by four analysts on average.
New stores open: 5 compared to the 6 average estimate based on two analysts.
Net Sales- Merchandise Division Sales- Outdoors: $440.33 million compared to the $479.03 million average estimate based on two analysts.
Net Sales- Merchandise Division Sales- Sports and recreation: $266.87 million compared to the $263.57 million average estimate based on two analysts.
Net Sales- Total Merchandise Sales: $1.39 billion versus $1.44 billion estimated by two analysts on average.
Net Sales- Merchandise Division Sales- Footwear: $308.79 million compared to the $319.85 million average estimate based on two analysts.
Net Sales- Merchandise Division Sales- Apparel: $373.99 million versus $375.51 million estimated by two analysts on average.
Shares of Academy Sports and Outdoors, Inc. have returned +13.4% over the past month versus the Zacks S&P 500 composite's +10.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Academy Sports and Outdoors, Inc. (ASO) Q3 Earnings: A Look at Key Metrics
For the quarter ended October 2023, Academy Sports and Outdoors, Inc. (ASO - Free Report) reported revenue of $1.4 billion, down 6.4% over the same period last year. EPS came in at $1.38, compared to $1.69 in the year-ago quarter.
The reported revenue represents a surprise of -3.90% over the Zacks Consensus Estimate of $1.45 billion. With the consensus EPS estimate being $1.64, the EPS surprise was -15.85%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Academy Sports and Outdoors, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Sales Growth: -8% versus -4.9% estimated by seven analysts on average.
- Stores - EOP: 275 versus 276 estimated by four analysts on average.
- New stores open: 5 compared to the 6 average estimate based on two analysts.
- Net Sales- Merchandise Division Sales- Outdoors: $440.33 million compared to the $479.03 million average estimate based on two analysts.
- Net Sales- Merchandise Division Sales- Sports and recreation: $266.87 million compared to the $263.57 million average estimate based on two analysts.
- Net Sales- Total Merchandise Sales: $1.39 billion versus $1.44 billion estimated by two analysts on average.
- Net Sales- Merchandise Division Sales- Footwear: $308.79 million compared to the $319.85 million average estimate based on two analysts.
- Net Sales- Merchandise Division Sales- Apparel: $373.99 million versus $375.51 million estimated by two analysts on average.
View all Key Company Metrics for Academy Sports and Outdoors, Inc. here>>>Shares of Academy Sports and Outdoors, Inc. have returned +13.4% over the past month versus the Zacks S&P 500 composite's +10.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.