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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100