Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) will be announcing earnings results tomorrow morning. Here’s what to look for.
Academy Sports missed analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $1.34 billion, down 3.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a miss of analysts’ EPS estimates.
Is Academy Sports a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Academy Sports’s revenue to decline 6.6% year on year to $1.68 billion, a reversal from the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.82 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Academy Sports has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Academy Sports’s peers in the specialty retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Dick's posted flat year-on-year revenue, beating analysts’ expectations by 3.2%, and Ulta reported a revenue decline of 1.9%, topping estimates by 0.8%. Dick's traded down 7.7% following the results while Ulta was up 13.8%.
Read our full analysis of Dick’s results here and Ulta’s results here.
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