Academy sports Sees FY24 Sales Of $6.070B - $6.350B Vs. $6.16B Est; EPS Of $5.90 - $6.90 Vs. $7.06 Est.
Portfolio Pulse from Benzinga Newsdesk
Academy Sports projects FY24 sales to range between $6.070B and $6.350B, compared to the estimated $6.16B. The company also forecasts EPS to be between $5.90 and $6.90, lower than the estimated $7.06.
March 21, 2024 | 12:06 pm
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Academy Sports projects FY24 sales to range between $6.070B and $6.350B, compared to the estimated $6.16B. The company also forecasts EPS to be between $5.90 and $6.90, lower than the estimated $7.06.
The projected sales and EPS for FY24 being lower than the estimated figures suggest a potential negative impact on ASO's stock price in the short term. Investors may react to the lower-than-expected earnings forecast, leading to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100