Academy Sports and Outdoors (NASDAQ: ASO) Q1 Earnings Preview: Growth, Turnaround, and Valuation Insights

Font: Financial Modeling Prep  • Jun 08, 2026

• Strong Q1 Outlook: Analysts project significant year-over-year growth for Academy Sports and Outdoors in Q1, with earnings per share (EPS) estimated at $0.91 and revenue at $1.44 billion.
• Turnaround Drivers: The company's recovery is fueled by a loyalty program, online business expansion, and the successful launch of the Jordan brand, contributing to expected revenue growth.
• Stable Financial Health & Valuation: Academy Sports and Outdoors exhibits a healthy balance sheet with a Debt-to-Equity ratio of 0.65 and a current ratio of 1.89, alongside an attractive forward price-to-earnings (P/E) ratio of 8.3.

Academy Sports and Outdoors (NASDAQ: ASO) is a retailer of sporting goods and outdoor recreation products. The company is preparing to release its financial results for the first quarter. Investors and analysts are watching closely, especially in comparison to competitors like Dick's Sporting Goods (NYSE: DKS), to gauge the company's performance and future outlook.

Academy Sports and Outdoors is scheduled to report its earnings on June 9th, 2026, before the market opens. Wall Street analysts are estimating an earnings per share (EPS) of $0.91 on revenue of approximately $1.44 billion. As highlighted by Zacks, these forecasts suggest a year-over-year increase of 19.7% in earnings and 6.5% in revenue.

An earnings preview from Seeking Alpha suggests Academy Sports and Outdoors is showing signs of a turnaround, with renewed sales strength. This recovery is supported by the company's loyalty program, growth in its online business, and the launch of the popular Jordan brand. These factors are key drivers behind the expected revenue growth in the upcoming report.

Analysts also anticipate an expansion in the company's profit margins, projecting a range of 34.5% to 35%. From a valuation standpoint, Academy Sports and Outdoors has a forward price-to-earnings (P/E) ratio of 8.3. The P/E ratio is a metric used to see if a stock is expensive or cheap relative to its earnings.

The company's financial health appears stable. It maintains a moderate Debt-to-Equity ratio of 0.65, which measures its debt against the value owned by shareholders. Furthermore, Academy Sports and Outdoors has a current ratio of 1.89, indicating it has enough short-term assets to cover its short-term liabilities.