These Analysts Slash Their Forecasts On Academy Sports Following Q1 Earnings

Benzinga Earnings
06/11

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) on Tuesday posted upbeat earnings for its first quarter ended May 2.

The sporting goods retailer reported first-quarter adjusted earnings per share (EPS) of 93 cents, beating Wall Street analyst expectations of 91 cents per share. Net sales rose to $1.442 billion, in line with analyst expectations.

"We were pleased with the continued improvement in our results in first quarter, with total sales up 6.7%, driven by increases in both traffic and average ticket," stated Steve Lawrence, CEO. "Based on our first quarter performance, we are raising the low end of our full-year guidance."

Academy raised its full-year GAAP EPS guidance from its previous $5.65–$6.15 range up to $5.95–$6.35. Analysts currently expect $6.05.

Academy Sports raised its fiscal 2026 adjusted EPS guidance to $6.40-$6.80 from $6.10-$6.60, compared with analysts' estimates of $6.30. The retailer also increased the low end of its full-year sales outlook to $6.230 billion-$6.355 billion from $6.175 billion-$6.355 billion, while Wall Street expects $6.333 billion in revenue.

Academy Sports shares rose 1% to trade at $50.88 on Wednesday.

These analysts made changes to their price targets on Academy Sports following earnings announcement.

  • Wells Fargo analyst Ike Boruchow maintained Academy Sports with an Equal-Weight rating and lowered the price target from $56 to $50.
  • JP Morgan analyst Christopher Horvers maintained the stock with a Neutral and lowered the price target from $60 to $59.
  • UBS analyst Michael Lasser maintained Academy Sports with a Neutral and cut the price target from $56 to $55.

Considering buying ASO stock? Here’s what analysts think:

Photo via Shutterstock

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