Top Wall Street Forecasters Revamp Academy Sports and Outdoors Expectations Ahead Of Earnings

Academy Sports and Outdoors, Inc. ASO will release earnings results for its second quarter, before the opening bell on Tuesday.

Analysts expect the Katy, Texas-based company to report quarterly earnings at $1.24 per share. That's down from $1.30 per share in the year-ago period. Academy Sports and Outdoors is projected to post quarterly revenue of $1.38 billion, according to data from Benzinga Pro.

On June 6, Academy Sports and Outdoors said its board approved the declaration of a quarterly cash dividend of 11 cents per share. The company also named Scott Boatwright to its Board of Directors.

Academy Sports and Outdoors shares fell 2% to close at $54.95 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Seth Basham reiterated an Outperform rating with a price target of $80 on June 5. This analyst has an accuracy rate of 72%.
• Evercore ISI Group analyst Greg Melich maintained an Outperform rating and lowered the price target from $75 to $70 on April 16. This analyst has an accuracy rate of 62%.
• Baird analyst Justin Kleber maintained an Outperform rating and increased the price target from $70 to $80 on March 22. This analyst has an accuracy rate of 62%.
• Wells Fargo analyst Kate Fitzsimons maintained an Overweight rating and cut the price target from $88 to $83 on March 22. This analyst has an accuracy rate of 65%.
• Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating and cut the price target from $70 to $65 on March 22. This analyst has an accuracy rate of 62%.

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