Academy Sports and Outdoors, Inc. (ASO) Surpasses Market Gains: What You Need to Know

Academy Sports and Outdoors, Inc. (ASO) closed at $ 36.53 in the last trading session, marking a movement of + 1.47% from the previous day. The change topped the S&P 500’s 0.08% gain on the day.

Prior to today’s trading, the company’s shares had gained 16.88% over the past month. This exceeded the loss of the consumer discretionary sector of 0.18% and the gain of the S&P 500 of 0.41% during this period.

ASO will look to show some strength as it approaches its next earnings release, scheduled for June 8, 2021.

ASO’s full-year Zacks consensus estimates project earnings of $ 3.66 per share and revenue of $ 6.03 billion. These results would represent year-over-year variations of -4.44% and + 6.07%, respectively.

Investors should also take note of any recent changes in analyst estimates for ASO. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign of the company’s business outlook.

Based on our research, we believe that these estimate revisions are directly related to the stock movements of nearby teams. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.

Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. The Zacks Consensus EPS estimate has risen 22.86% over the past month. ASO currently has a Zacks rank of # 1 (strong buy).

In terms of valuation, ASO is currently trading at a forward P / E ratio of 9.85. This represents a discount from its industry’s average forward P / E of 14.98.

Meanwhile, ASO’s PEG ratio is currently 2.31. This popular metric is similar to the widely known P / E ratio, the difference being that the PEG ratio also takes into account the expected growth rate of the company’s earnings. The leisure and leisure products industry currently posted an average PEG ratio of 2.31 at yesterday’s close.

The leisure and leisure products industry is part of the consumer discretionary sector. This industry currently has a Zacks rank of 26, which places it in the top 11% of the 250+ industries.

The Zacks Industry Rankings assess the strength of our industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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