Academy Sports and Outdoor (ASO) option IV elevated into quarter results and outlook

Go back to Academy Sports and Outdoor (ASO) option IV elevated into quarter results and outlook

Evercore ISI on Academy Sports & Outdoors Inc. (ASO), 'The stock is indicated to give back much of its 8% ytd gains'

March 21, 2024 9:55 AM EDT

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $75.00 price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO).

The analyst comments "Academys 4Q was a modest comp beat offset by higher than expected SG&A expense. Adj. 4Q EPS was $2.21 and missed consensus ($2.29) by $0.08. The big news: 2024 guidance more than 10% below the street due to a combination of comps below and SG&A costs higher than expected.... More

B.Riley on Academy Sports & Outdoors Inc. (ASO): 'results reflect the lack of allocations in key performance running brands'

March 21, 2024 9:40 AM EDT

B.Riley analyst Anna Glaessgen reiterated a Buy rating and $65.00 price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO).

The analyst comments "Academy Sports and Outdoors (ASOBuy, $65 PT) 4Q23 EPS came in below expectations, reflecting continued top-line pressure. Of greater focus is the 2024 guide; comps and EPS came in... More

Telsey on Academy Sports & Outdoors Inc. (ASO): 'Overall, earnings disappointed'

March 21, 2024 9:34 AM EDT

Telsey analyst Cristina Fernandez reiterated an Outperform rating and $83.00 price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO).

The analyst comments "Overall, earnings disappointed in 4Q23 and are anticipated to come in lower than we and the Street had expected in 2024. That said, we are... More