Academy Sports and Outdoors, Inc. ($ASO) Stock Forecast: Up 5.4% Today

What is Academy Sports and Outdoors, Inc.?

Academy Sports and Outdoors, Inc. (ASO) is a retail and e-commerce company that specializes in sporting goods, outdoor recreation, and lifestyle products. The company has a strong presence in the United States market.

Why is Academy Sports and Outdoors, Inc. going up?

ASO stock is up 5.4% on Sep 13, 2024 14:56

• Despite meeting earnings estimates, ASO observed a bullish market movement driven by positive sentiment regarding the company's performance.
• The market responded positively to the earnings results, even though sales fell short of estimates and the guidance for 2024 was reduced. This suggests that investors may be emphasizing other favorable aspects of the report.
• ASO's consistent earnings performance in line with estimates likely bolstered investor confidence, contributing to the bullish movement.
• The adjustment of price expectations by analysts for ASO prior to the earnings release may have also played a role in fostering positive market sentiment, pushing the stock price upward.

ASO Price Chart

ASO Technical Analysis

ASO News

ASO Q2 Earnings Meet Estimates, Sales Miss, '24 Guidance Down

Academy Sports' second-quarter fiscal 2024 results reflect soft demand trends due to macroeconomic uncertainties.

https://www.zacks.com/stock/news/2334672/aso-q2-earnings-meet-estimates-sales-miss-24-guidance-down

Academy Sports and Outdoors, Inc. Q2 Earnings Match Estimates - Academy Sports ( NASDAQ:ASO ) , Carnival ( NYSE:CCL )

Academy Sports and Outdoors, Inc. ASO came out with quarterly earnings of $2.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for non-recurring items.

https://www.benzinga.com/news/earnings/24/09/40795794/academy-sports-and-outdoors-inc-q2-earnings-match-estimates

Academy Sports and Outdoors, Inc. ( ASO ) Q2 Earnings Match Estimates

Academy Sports and Outdoors (ASO) delivered earnings and revenue surprises of 0% and 1.43%, respectively, for the quarter ended July 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2333882/academy-sports-and-outdoors-inc-aso-q2-earnings-match-estimates

How To Earn $500 A Month From Academy Sports And Outdoors Stock Ahead Of Q2 Earnings Report - Academy Sports ( NASDAQ:ASO )

Academy Sports and Outdoors, Inc. ASO is set to report earnings results for its second quarter, before the opening bell on Tuesday. Analysts expect the Katy, Texas-based company to report quarterly earnings at $2.03 per share, down from $2.09 per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/09/40774160/how-to-earn-500-a-month-from-academy-sports-and-outdoors-stock-ahead-of-q2-earnings-report

Top Wall Street Forecasters Revamp Academy Sports and Outdoors Price Expectations Ahead Of Q2 Earnings - Academy Sports ( NASDAQ:ASO )

Academy Sports and Outdoors, Inc. ASO will release earnings results for its second quarter, before the opening bell on Tuesday, Sept. 10. Analysts expect the Katy, Texas-based company to report quarterly earnings at $2.03 per share, down from $2.09 per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/09/40767458/top-wall-street-forecasters-revamp-academy-sports-and-outdoors-price-expectations-ahead-of-q2-earni

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Academy Sports and Outdoors, Inc. Price History

10.08.2024 - ASO Stock was up 7.1%

• ASO's Q2 earnings matched estimates, showing stability in its financial performance.
• Analysts expected a slight decrease in quarterly earnings compared to the previous year, but the company still managed to outperform these expectations.
• The positive earnings report may have boosted investor confidence in ASO's growth potential, leading to the bullish market movement.
• Overall, the market reacted positively to ASO's earnings results, indicating a favorable outlook for the company's future performance.

11.08.2024 - ASO Stock was up 5.1%

• ASO reported Q2 earnings of $2.03 per share, matching estimates and showing resilience compared to the previous year.
• The market reacted positively to the earnings report, indicating investor confidence in the company's performance.
• Analysts had anticipated a slight decrease in earnings from the year-ago period, but the in-line results may have exceeded some expectations, leading to the bullish movement in the stock price.
• The consistent performance and meeting of estimates suggest that ASO is maintaining stability and potentially attracting more investors seeking reliable returns.

10.08.2024 - ASO Stock was down 5.3%

• The bearish movement in ASO stock today could be attributed to the lower-than-expected earnings report for the second quarter, with earnings per share coming in at $2.03 compared to $2.09 in the previous year.
• The revised price expectations by Wall Street forecasters might have also influenced the negative sentiment surrounding the stock, leading to increased selling pressure.
• Investors may have reacted to the earnings report by selling off their positions in ASO, causing a decline in the stock price as they reassess the company's performance and future prospects.

13.08.2024 - ASO Stock was up 5.4%

• Despite meeting earnings estimates, ASO observed a bullish market movement driven by positive sentiment regarding the company's performance.
• The market responded positively to the earnings results, even though sales fell short of estimates and the guidance for 2024 was reduced. This suggests that investors may be emphasizing other favorable aspects of the report.
• ASO's consistent earnings performance in line with estimates likely bolstered investor confidence, contributing to the bullish movement.
• The adjustment of price expectations by analysts for ASO prior to the earnings release may have also played a role in fostering positive market sentiment, pushing the stock price upward.

02.03.2024 - ASO Stock was down 5.6%

• Academy Sports has recently announced plans to open new stores in North Carolina and Indiana, signaling potential growth strategies and a positive outlook for the company.
• Despite this, the stock showed significant downward movement today, raising concerns among investors about the company's competitiveness in capturing market share and ensuring profitability amidst increasing competition.
• The market movement may also be influenced by broader economic conditions and industry trends affecting retail stocks, leading to investor caution regarding ASO's future performance.

11.05.2024 - ASO Stock was down 5.9%

• The bearish movement in ASO's stock price could be attributed to the lower-than-expected earnings forecast for the second quarter, with analysts anticipating a decrease from the previous year.
• The announcement of a dividend payout of $0.11 per share might not have been substantial enough to offset investor concerns about the company's earnings outlook.
• Despite the appointment of Scott Boatwright to the Board of Directors, bringing in extensive industry experience, investors may be waiting to see the tangible impacts of this move on Academy Sports and Outdoors' growth strategy before regaining confidence in the stock.

12.05.2024 - ASO Stock was up 6.2%

• Despite Q1 earnings and revenues lagging estimates, ASO's stock had a strong bullish movement.
• The market may have reacted positively due to Academy Sports retaining its Buy rating despite the weak earnings report.
• Investors might be optimistic about ASO's ability to maintain its sales and net income guidance for fiscal 2024 despite the challenges.
• The bullish movement could also be attributed to the share repurchase activity completed in the first quarter, which may have instilled confidence in investors regarding the company's future prospects.

11.05.2024 - ASO Stock was down 5.1%

• The exclusive partnership with DoorDash for on-demand delivery could have raised concerns among investors about increased operating costs or potential disruptions in the supply chain, leading to a bearish sentiment.
• Analysts revising down earnings expectations ahead of the quarterly results might have contributed to the negative market movement, indicating potential challenges or lower-than-expected performance.
• The announcement of director elections and dividend payout, while positive news, might not have been sufficient to offset the overall bearish sentiment in the market, especially with lower earnings expectations.
• The broader market trend with U.S. stock futures trading lower on Tuesday morning could have also influenced the bearish movement in Academy Sports' stock price.

21.02.2024 - ASO Stock was down 7.5%

• Today, ASO stock experienced a strong bearish movement due to the following reasons:
• Reported lower-than-expected earnings per share and revenue for the fourth quarter of 2023, missing analyst estimates.
• The company's fourth-quarter FY23 sales growth of 2.8% year-on-year fell short of the consensus estimate, with comparable sales declining by 3.6%.
• Evercore maintained a price target of $75 on ASO stock but noted that the slight increase in comparable sales was offset by higher-than-anticipated expenses, contributing to the negative market sentiment.
• B.Riley also maintained a price target of $65 on Academy Sports shares, which may have added to the downward pressure on the stock as investors reevaluated their positions based on the company's performance.

16.06.2024 - ASO Stock was up 5.1%

• ASO experienced a strong bullish movement today, potentially driven by positive market sentiment and investor confidence in the company's performance.
• The decline in new pool construction and weak demand in related industries may have indirectly benefited ASO as consumers look for alternative recreational activities.
• ASO's focus on sporting goods and outdoor products could have positioned the company favorably amidst the challenges faced by companies in the leisure and recreation industry.
• The overall bullish trend in the market today might have further supported ASO's upward movement, reflecting a positive outlook for the company's future growth and profitability.

19.06.2024 - ASO Stock was down 5.9%

• ASO stock plummeted due to worries about high inflation affecting consumer spending and margins.
• Market sentiment towards ASO was pessimistic, resulting in a 15% year-to-date decrease.
• Investors are wary of ASO's future outlook amid economic challenges, exacerbating the stock's bearish trajectory.

15.07.2024 - ASO Stock was up 5.4%

• Strategic moves in Q2 2024, particularly focusing on Academy Sports and Outdoors Inc., have likely sparked investor interest and confidence in the company's future prospects.
• The spotlight on ASO may have highlighted potential growth opportunities, leading to increased buying activity and driving the stock price higher.
• Investors may view the involvement with ASO as a positive endorsement of the company's strategic direction, contributing to the bullish movement in the stock today.