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Stock impact report

ASO Gears Up for Q4 Earnings: What's in Store for the Stock? [Yahoo! Finance]

Academy Sports and Outdoors, Inc. (ASO) 
Company Research Source: Yahoo! Finance
In the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 23.4%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Q4 Earnings Estimates of ASO The Zacks Consensus Estimate for earnings is pegged at $1.82 per share, indicating a decline of 17.7% from $2.21 a year ago. The consensus mark for revenues is pegged at $1.67 billion, implying a decrease of 7.1% from the year-ago figure. Factors to Note Ahead of ASO's Q4 Release Academy Sports' performance in fiscal fourth-quarter 2024 is likely to have to have faced headwinds from a tough macroeconomic environment, which has been weighing on its customer base. A reduction in discretionary spending, particularly among middle- and lower-income consumers, is likely to have affected the company's sales. During its third-quarter fiscal 2024 earnings call, management highlighted an increase in credit card and Buy Now, Pay Later transactions, especially among lower-income shoppers Show less Read more
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