Academy Sports Q2 Adj EPS $2.09 Beats $1.99 Estimate, Sales $1.583B Beat $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Academy Sports (NASDAQ:ASO) reported Q2 adjusted earnings of $2.09 per share, beating the analyst consensus estimate of $1.99 by 5.03%. However, this is a decrease from $2.28 per share from the same period last year. The company also reported quarterly sales of $1.583 billion, beating the analyst consensus estimate of $1.58 billion by 0.19%, but this is a 6.16% decrease from $1.69 billion the same period last year.
August 31, 2023 | 12:01 pm
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Academy Sports (ASO) reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While Academy Sports beat Q2 estimates, the year-on-year decreases in both earnings and sales could potentially offset any positive impact from the earnings beat. This makes the short-term price direction uncertain.
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