Benzinga | Dec 9, 2021 09:50PM EST

Academy Sports's Earnings Outlook

Academy Sports (NASDAQ:ASO) is set to give its latest quarterly earnings report on Friday, 2021-12-10. Here's what investors need to know before the announcement.

Analysts estimate that Academy Sports will likely report an Earnings Per Share (EPS) of $1.09.

Academy Sports bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Historical Earnings Performance

Last quarter the company beat EPS by $0.92, which was followed by a 3.79% increase in the share price the next day.

Here's a look at Academy Sports's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1.42 0.83 0.52 0.36EPS Actual 2.34 1.89 1.09 0.91Price Change % 3.79% 0.63% 0.41% 0.51%

Stock Performance

Shares of Academy Sports were trading at $43.36 as of December 08. Over the last 52-week period, shares are up 154.27%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.