Academy Sports Q1 Adj $1.08 Misses $1.24 Estimate, Sales $1.36B Miss $1.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Academy Sports (NASDAQ:ASO) reported Q1 earnings of $1.08 per share, missing the analyst consensus estimate of $1.24 by 12.9%. Sales were $1.36 billion, also missing the estimate of $1.38 billion by 1.16%. Both earnings and sales showed a decline compared to the same period last year.
June 11, 2024 | 12:01 pm
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Academy Sports (NASDAQ:ASO) reported Q1 earnings of $1.08 per share, missing the analyst consensus estimate of $1.24 by 12.9%. Sales were $1.36 billion, also missing the estimate of $1.38 billion by 1.16%. Both earnings and sales showed a decline compared to the same period last year.
The significant miss on both earnings and sales estimates, along with the year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
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