Academy Sports and Outdoors, Inc. ($ASO) Stock Forecast: Up 5.4% Today

What is Academy Sports and Outdoors, Inc.?

Academy Sports and Outdoors (ASO) is a retail sporting goods store offering a wide range of products from apparel to equipment. The company has been facing challenges in the market recently.

Why is Academy Sports and Outdoors, Inc. going up?

ASO stock is up 5.4% on Dec 11, 2024 16:13

• ASO stock had a strong bullish movement despite missing earnings and revenue estimates for Q3.
• The market might be reacting positively due to potential future strategies announced by the company to overcome the challenges faced in the tough month of October.
• Investors could be optimistic about ASO's ability to bounce back and improve its performance in the upcoming quarters, leading to the bullish movement in the stock.
• The market seems to be focusing on the long-term outlook and potential growth opportunities for Academy Sports and Outdoors, rather than solely on the Q3 results.

ASO Price Chart

ASO Technical Analysis

ASO News

ASO Q3 Earnings & Revenues Miss Estimates, FY24 Guidance Down

Academy Sports and Outdoors' third-quarter fiscal 2024 results are hurt by challenges in October, which proves to be a tough month for the company.

https://www.zacks.com/stock/news/2382051/aso-q3-earnings-revenues-miss-estimates-fy24-guidance-down

Academy Sports Struggles In Q3 With Lower Sales And Profit, Cuts Outlook For 2024 - Academy Sports ( NASDAQ:ASO )

Academy Sports and Outdoors, Inc ASO stock tanked Tuesday after its third-quarter print. The company reported adjusted earnings per share of 98 cents, missing the analyst consensus estimate of $1.30. Quarterly sales of $1.34 billion ( down 3.9% ) missed the street view of $1.39 billion.

https://www.benzinga.com/24/12/42414336/academy-sports-struggles-in-q3-with-lower-sales-and-profit-cuts-outlook-for-2024

Academy Sports and Outdoors, Inc. ( ASO ) Q3 Earnings and Revenues Lag Estimates

Academy Sports and Outdoors (ASO) delivered earnings and revenue surprises of -23.44% and 2.20%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2381441/academy-sports-and-outdoors-inc-aso-q3-earnings-and-revenues-lag-estimates

Academy Sports and Outdoors to Report Q3 Earnings: What's in Store?

ASO's third-quarter 2024 results are likely to indicate dismal comparable sales performance.

https://www.zacks.com/stock/news/2380225/academy-sports-and-outdoors-to-report-q3-earnings-whats-in-store

Insights Into Academy Sports and Outdoors ( ASO ) Q3: Wall Street Projections for Key Metrics

Beyond analysts' top -and-bottom-line estimates for Academy Sports and Outdoors (ASO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.

https://www.zacks.com/stock/news/2380134/insights-into-academy-sports-and-outdoors-aso-q3-wall-street-projections-for-key-metrics

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Academy Sports and Outdoors, Inc. Price History

10.08.2024 - ASO Stock was up 7.1%

• ASO's Q2 earnings matched estimates, showing stability in its financial performance.
• Analysts expected a slight decrease in quarterly earnings compared to the previous year, but the company still managed to outperform these expectations.
• The positive earnings report may have boosted investor confidence in ASO's growth potential, leading to the bullish market movement.
• Overall, the market reacted positively to ASO's earnings results, indicating a favorable outlook for the company's future performance.

10.11.2024 - ASO Stock was up 2.9%

• Despite lower sales and profit in Q3 and a cut in outlook for 2024, ASO stock surprisingly experienced a strong bullish movement.
• The market might be reacting positively to ASO's expansion plans and the opening of five new locations, indicating potential growth opportunities.
• Investors could also be optimistic about the company's ability to navigate through challenges and improve performance in the future, leading to the bullish movement.
• The bearish Q3 results might have already been priced in, and the market might be focusing on the long-term potential of Academy Sports and Outdoors, Inc.

10.11.2024 - ASO Stock was up 5.2%

• ASO struggled in Q3 with lower sales and profit, but its stock showed a bullish trend, suggesting investor optimism about its future prospects.
• The company's expansion efforts and opening of five new locations may have contributed to the positive market sentiment, highlighting growth possibilities.
• Despite Q3 earnings and revenues falling below estimates, market activity indicates investor focus on ASO's long-term growth potential.
• ASO's lowered 2024 outlook could have been overshadowed by the positive news of new store openings, driving the bullish movement in the company's stock.

11.08.2024 - ASO Stock was up 5.1%

• ASO reported Q2 earnings of $2.03 per share, matching estimates and showing resilience compared to the previous year.
• The market reacted positively to the earnings report, indicating investor confidence in the company's performance.
• Analysts had anticipated a slight decrease in earnings from the year-ago period, but the in-line results may have exceeded some expectations, leading to the bullish movement in the stock price.
• The consistent performance and meeting of estimates suggest that ASO is maintaining stability and potentially attracting more investors seeking reliable returns.

10.08.2024 - ASO Stock was down 5.3%

• The bearish movement in ASO stock today could be attributed to the lower-than-expected earnings report for the second quarter, with earnings per share coming in at $2.03 compared to $2.09 in the previous year.
• The revised price expectations by Wall Street forecasters might have also influenced the negative sentiment surrounding the stock, leading to increased selling pressure.
• Investors may have reacted to the earnings report by selling off their positions in ASO, causing a decline in the stock price as they reassess the company's performance and future prospects.

13.08.2024 - ASO Stock was up 5.4%

• Despite meeting earnings estimates, ASO observed a bullish market movement driven by positive sentiment regarding the company's performance.
• The market responded positively to the earnings results, even though sales fell short of estimates and the guidance for 2024 was reduced. This suggests that investors may be emphasizing other favorable aspects of the report.
• ASO's consistent earnings performance in line with estimates likely bolstered investor confidence, contributing to the bullish movement.
• The adjustment of price expectations by analysts for ASO prior to the earnings release may have also played a role in fostering positive market sentiment, pushing the stock price upward.

11.11.2024 - ASO Stock was up 5.4%

• ASO stock had a strong bullish movement despite missing earnings and revenue estimates for Q3.
• The market might be reacting positively due to potential future strategies announced by the company to overcome the challenges faced in the tough month of October.
• Investors could be optimistic about ASO's ability to bounce back and improve its performance in the upcoming quarters, leading to the bullish movement in the stock.
• The market seems to be focusing on the long-term outlook and potential growth opportunities for Academy Sports and Outdoors, rather than solely on the Q3 results.

12.05.2024 - ASO Stock was up 6.2%

• Despite Q1 earnings and revenues lagging estimates, ASO's stock had a strong bullish movement.
• The market may have reacted positively due to Academy Sports retaining its Buy rating despite the weak earnings report.
• Investors might be optimistic about ASO's ability to maintain its sales and net income guidance for fiscal 2024 despite the challenges.
• The bullish movement could also be attributed to the share repurchase activity completed in the first quarter, which may have instilled confidence in investors regarding the company's future prospects.

11.05.2024 - ASO Stock was down 5.1%

• The exclusive partnership with DoorDash for on-demand delivery could have raised concerns among investors about increased operating costs or potential disruptions in the supply chain, leading to a bearish sentiment.
• Analysts revising down earnings expectations ahead of the quarterly results might have contributed to the negative market movement, indicating potential challenges or lower-than-expected performance.
• The announcement of director elections and dividend payout, while positive news, might not have been sufficient to offset the overall bearish sentiment in the market, especially with lower earnings expectations.
• The broader market trend with U.S. stock futures trading lower on Tuesday morning could have also influenced the bearish movement in Academy Sports' stock price.

16.06.2024 - ASO Stock was up 5.1%

• ASO experienced a strong bullish movement today, potentially driven by positive market sentiment and investor confidence in the company's performance.
• The decline in new pool construction and weak demand in related industries may have indirectly benefited ASO as consumers look for alternative recreational activities.
• ASO's focus on sporting goods and outdoor products could have positioned the company favorably amidst the challenges faced by companies in the leisure and recreation industry.
• The overall bullish trend in the market today might have further supported ASO's upward movement, reflecting a positive outlook for the company's future growth and profitability.

19.06.2024 - ASO Stock was down 5.9%

• ASO stock plummeted due to worries about high inflation affecting consumer spending and margins.
• Market sentiment towards ASO was pessimistic, resulting in a 15% year-to-date decrease.
• Investors are wary of ASO's future outlook amid economic challenges, exacerbating the stock's bearish trajectory.

15.07.2024 - ASO Stock was up 5.4%

• Strategic moves in Q2 2024, particularly focusing on Academy Sports and Outdoors Inc., have likely sparked investor interest and confidence in the company's future prospects.
• The spotlight on ASO may have highlighted potential growth opportunities, leading to increased buying activity and driving the stock price higher.
• Investors may view the involvement with ASO as a positive endorsement of the company's strategic direction, contributing to the bullish movement in the stock today.