ASO Intrinsic Stock Value – Academy Sports and Outdoors Falls Short of Expectations, Revises FY23 Outlook

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This shortfall has led to a downward revision of expectations for their upcoming fiscal year 23. The company, which is engaged in the retail sale of sporting goods, outdoor lifestyle products, and athletic apparel, has seen a steady increase in sales throughout the past year, but the latest figures have been less than stellar. It is one of the largest sporting goods retailers in the US, and its stores offer a wide range of products from well-known brands such as Nike, Under Armour, and Adidas. Despite the disappointing news, Academy ($NASDAQ:ASO) Sports and Outdoors is confident that their revised outlook for FY23 will help them maintain their success in the future.

The company is focusing on cost-cutting measures in order to achieve their goals, and they are also exploring new ways to expand their presence in the US market. With their revised outlook for FY23, investors can expect to see an increase in profits and company value from Academy Sports and Outdoors.

Stock Price

On Thursday, Academy Sports and Outdoors (ACADEMY) stock opened at $45.7 and closed at $50.9, up by 0.7% from prior closing price of 50.5. This small gain was considered a disappointment by some investors, as the company had been expected to produce higher returns. Adding to the disappointment, ACADEMY also revised its forecasts for the upcoming FY23 period. ACADEMY stated that it would not be able to meet its previously set industry expectations for the upcoming year. The company cited a variety of factors including the current economic climate, the pandemic, and increased competition as reasons for the downward revision of its outlook.

This news was met with an unsurprising reaction from the market, as investors responded by selling off their shares and driving the price of ACADEMY’s stock down. Despite this, the company’s long-term outlook remains positive, as it is well-positioned to capitalize on post-pandemic growth opportunities. It remains to be seen how ACADEMY will respond to this disappointment and how it will plan to meet its revised goals for the upcoming year. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for ASO. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for ASO. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for ASO. More…

Key Ratios Snapshot

Some of the financial key ratios for ASO are shown below. More…

Analysis – ASO Intrinsic Stock Value

At GoodWhale, we analyzed the fundamentals of ACADEMY SPORTS AND OUTDOORS in order to determine its fair value. Our proprietary Valuation Line yielded a fair value of $46.3. However, the stock is currently trading at $50.9, which is a 10.0% premium over the fair value. Therefore, we can conclude that the stock is slightly overvalued at this time. More…

Peers

The company offers a wide range of products for a variety of sports and outdoor activities, including hunting, fishing, camping, and more. Academy Sports and Outdoors Inc competes with XXL ASA, Danang Books And School Equipment JSC, and Book And Education Equipment Jsc.

– XXL ASA ($BER:2XX)

The company’s market cap is 104.96M as of 2022 and its ROE is -1.76%. The company is a provider of internet services.

Summary

Academy Sports and Outdoors recently released their quarterly earnings, missing both the top and bottom line estimates. The company also narrowed its outlook for Fiscal Year 2023, citing a challenging economic environment. Investors should take into account that Academy Sports and Outdoors revenue is heavily impacted by consumer spending and could be facing headwinds due to the current macroeconomic conditions. It is important to keep an eye on Academy Sports and Outdoors shares to see how they respond to this news as well as any other future developments that may impact the company’s performance.