5 Stocks Drawing Attention Post Quarterly Results

4. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Number of Hedge Fund Holders: 48

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) rose more than four percent in the pre-market trading session on Friday, December 10, 2021, after delivering impressive financial results for its fiscal third quarter. The results were mainly driven by solid demand for its sports and outdoor goods during the quarter.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) earned $1.75 per share on an adjusted basis, beating expectations of $1.12 per share. The quarterly revenue of $1.59 billion also surpassed the consensus forecast of $1.49 billion. The results were also significantly higher than the adjusted earnings of 91 cents per share and revenue of $1.35 billion in the comparable period of 2020.

The company also raised the financial outlook for its FY 2021. Academy Sports and Outdoors, Inc. (NASDAQ:ASO) now expects adjusted earnings in the range of $7.21 – $7.31 per share and revenue between $6.68 – $6.74 billion.

Commenting on the results, CEO Ken Hicks said:

“The Academy Sports + Outdoors team did a great job again delivering our 9^th consecutive quarterly sales and profit increase. We are confident that our strong assortment and value offering, coupled with our great store service, enhanced omnichannel capabilities, and resilient supply chain will enable Academy to continue to achieve excellent results through this holiday season and beyond.”