Academy Sports ASO reported its Q2 earnings results on Wednesday, September 7, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Academy Sports beat estimated earnings by 10.58%, reporting an EPS of $2.3 versus an estimate of $2.08.
Revenue was down $105.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.32 which was followed by a 1.24% drop in the share price the next day.
Here's a look at Academy Sports's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.41 | 1.42 | 1.09 | 1.42 |
EPS Actual | 1.73 | 1.61 | 1.75 | 2.34 |
Revenue Estimate | 1.45B | 1.77B | 1.49B | 1.66B |
Revenue Actual | 1.47B | 1.81B | 1.59B | 1.79B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Academy Sports management provided guidance for FY 2022, expecting earnings between $6.75 and $7.5 per share.
To track all earnings releases for Academy Sports visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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