Academy Sports and Outdoors (ASO) Falls 4%: What’s Next?

Over the last few days, Academy Sports and Outdoors (ASO) stock has been increasing slowly, along with the fluctuating of the price indicators. The price has changed from $45 to $43, which represents a 4% profit. Such a change in price indicators could be caused by the recent news from the company. Yesterday, the company has announced the second-quarter report. For today, the total capitalization of the company is 3.997B.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 86.34%. For the most recent quarter, Academy Sports and Outdoors, Inc. Was expected to post earnings of $0.96 per share, but it reported $1.89 per share instead, representing a surprise of 96.88%. For the previous quarter, the consensus estimate was $0.62 per share, while it actually produced $1.09 per share, a surprise of 75.81%.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.