Academy Sports, Coupa Software, GitLab, Hello – 24/7 Wall St.

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All three major US stock indexes closed higher on Thursday. The Nasdaq gained 2.7%, the S&P 500 rose 1.8% and the Dow Jones Industrialists gained 1.3%. Crude oil added about $3 a barrel following the weekly supply report. Microsoft lowered its earnings per share (EPS) forecast for the current quarter, and the stock lost 4% before the market opened, but ended up closing the day at its intraday high with a gain of about 0.8%.

May’s report on nonfarm payrolls increased by 390,000 jobs, beating the consensus estimate for a gain of 325,000 jobs. The overall unemployment rate was unchanged at 3.6% and the average hourly wage rose 0.3% to $31.95. The May report weighed on stocks at the opening bell on Friday.

After markets closed on Thursday, CrowdStrike reported better-than-expected EPS and revenue and issued higher guidance for the current quarter and for its fiscal year 2023. Shares had gained nearly 8% in regular trading Thursday , but fell more than 3% after the earnings release and were trading down more than 5% on Friday morning.

Lululemon also beat revenue and net income estimates and issued higher guidance for the current quarter and fiscal year 2023. Shares traded down more than 2% early Friday.

Okta grabbed the headlines for the day, adding nearly 11% in Thursday’s trading, then announcing results that beat both top and bottom results. The upside forecast was modest, signaling to investors that the company plans to focus on profitability rather than growth. Shares are up about 12% at last look.

Here’s a look at four companies that are expected to release their quarterly results on Monday or Tuesday.

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Academy Sports

Sports equipment retailer Academy Sports and Outdoors Inc. (NASDAQ: ASO) has seen its stock price drop about 3.8% in the past 12 months. Since peaking (and all-time high) in mid-November, the stock is down nearly 29%, after hitting a fresh 52-week low last week. The company paid its first dividend in March, clearly hoping investors will view the move as a commitment to profitability and shareholder return. Analysts cooperated by setting low expectations. Academy Sports publishes its results before markets open on Tuesday.

All 11 brokerages covering the stock have strong buy or buy ratings. At a recent stock price of around $35.75, the upside potential based on a median price target of $45.00 is 25.9%. At the high price target of $70.00, the upside potential is around 95.8%.

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