Academy Sports and Outdoors Inc. (NASDAQ: ASO) shares traded higher Tuesday after the company released stellar earnings results.
For the months of February through April, the company posted an adjusted income of $182.5 million, or adjusted earnings of $1.89, versus the prior year’s adjusted income of $400,000, or adjusted earnings of 1 cent per share.
CEO Ken Hicks said that both the quarter’s sales and profits were “record-breaking.”
Academy Sports and Outdoors gained 4.95% in Tuesday’s session, closing at $39.65.
In the latest trading session, Academy Sports and Outdoors, Inc. (ASO) closed at $36.76, marking a -0.81% move from the previous day. This change lagged the S&P 500’s 0.36% loss on the day.
Coming into today, shares of the company had gained 11.32% in the past month. In that same time, the Consumer Discretionary sector gained 0.13%, while the S&P 500 gained 0.75%.
Investors will be hoping for strength from ASO as it approaches its next earnings release, which is expected to be June 8, 2021.
ASO’s full-year Zacks Consensus Estimates are calling for earnings of $3.66 per share and
One stock that might be an intriguing choice for investors right now is Academy Sports and Outdoors, Inc. ASO. This is because this security in the Leisure and Recreation Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Leisure and Recreation Products space as it currently has a