Surging Earnings Estimates Sign Good Information for Academy Sports activities and Outside (ASO) – January three, 2022

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Academy Sports and Outdoors, Inc. (ASO quick offerASO Free Report) is a full-line supplier for sporting goods and outdoor leisure activities that could be of interest to investors. This is because the stock has not only had decent short-term momentum, but has also seen solid activity in revising earnings estimates.

These positive revisions to earnings estimates suggest that analysts are becoming more optimistic about ASO’s earnings for the coming quarter and year. In fact, consensus estimates for both time periods have risen sharply over the past four weeks, suggesting Academy Sports and Outdoors could be a solid choice for investors.

Current quarterly estimates for ASO

In the past 30 days, three estimates for Academy Sports and Outdoors have risen higher, while none have decreased over the same period. The trend has also been pretty cheap, with estimates rising from $ 1.05 per share 30 days ago to $ 1.29 today, a 22.9% move.

Estimates for the current year for ASO

Meanwhile, Academy Sports and Outdoors’ latest annual numbers look pretty promising too, with four estimates moving up over the past month compared to none lower. The consensus estimate trend has also seen a boost for this period, rising from $ 6.36 per share 30 days ago to $ 7.06 per share today, an 11% increase.

Bottom line

The stock has also started to move lately, up 6.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors should consider this Zacks Rank # 1 (Strong Buy) stock for a profit in the near future. You can see The full list of current Zacks # 1 ranked stocks can be found here.