Academy Sports and Outdoors beats earnings estimates for Q2

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ASO Intrinsic Value – For the second quarter, Academy($NASDAQ:ASO) Sports and Outdoors reported earnings per share of $2.30, which beat analysts’ estimates by $0.26. Revenue for the quarter came in at $1.69 billion, missing analysts’ estimates by $10 million. Despite missing revenue estimates, the company’s strong earnings beat may help to boost its stock price in the short-term. In the long-term, however, Academy Sports and Outdoors will need to focus on growing its revenue in order to sustain its current level of profitability.

Stock Price

On Wednesday, Academy Sports and Outdoors stock opened at $45.4 and closed at $47.8, up 14.0% from the previous day’s close of $41.9. This came after the company released its earnings results for the second quarter, which showed that it had beaten earnings estimates. The strong results sent shares of Academy Sports and Outdoors soaring in Wednesday’s trading.

VI Analysis – ASO Intrinsic Value

Company’s fundamentals reflect its long term potential, below analysis on ACADEMY SPORTS AND OUTDOORS are made simple by VI app. The fair value of ACADEMY SPORTS AND OUTDOORS share is around $36.8, calculated by VI Line. Now ACADEMY SPORTS AND OUTDOORS stock is traded at $47.8, overvalued by 30%.

Summary

Academy Sports and Outdoors, a sporting goods retailer, reported earnings for the second quarter that beat Wall Street expectations. The company’s stock price moved up the same day. The company’s strong performance was driven by growth in its online sales, which more than doubled during the quarter. Academy Sports and Outdoors is a well-positioned company to continue to prosper in the current environment and beyond.