If you’re looking for stocks that are setting up in a base ahead of their next earnings report, here’s one that fits the bill: Academy Sports&Outdoor (ASO). It’s expected to release its latest numbers around Aug. 29 and is trading about 11% under a 42.85 entry. The chart pattern is a second-stage consolidation.
Be aware that it’s risky to buy any stock just before it reports. You can reduce your risk by waiting to see the actual numbers and the market’s reaction.
Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 18,800%, compared to 335% in the prior report. Revenue increased from 17% to 39%.
Consensus analyst estimates call for earnings-per-share growth of -30% for the quarter, and 10% growth for the full year. Earnings-per-share estimates for the full year were recently revised higher.
The sporting goods and outdoor retailer has a 98 Composite Rating and earns the No. 2 rank among its peers in the Retail-Leisure Products industry group. Pool (POOL) is the No. 1-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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