Investing

Earnings Previews: Academy Sports, Coupa Software, GitLab, Hello

Analysts expect Academy Sports to report first-quarter 2023 revenue of $1.45 billion, which would be down 20% sequentially and 8.2% lower year over year. Adjusted EPS are forecast at $1.45, down 12.4% sequentially, and 25.4% lower year over year. For the full fiscal year ending next January, estimates call for EPS of $6.97, down 8.3%, and revenue of $6.68 billion, down 1.4%.

The stock trades at 5.1 times expected 2023 EPS, 4.7 times estimated 2024 earnings of $7.61 and 4.2 times estimated 2025 earnings of $8.50 per share. The stock’s 52-week range is $25.10 to $51.08. Academy Sports pays a forward annual dividend of $0.30 (yield of 0.9%). Total shareholder return for the past year was negative 3.3%.

Coupa Software

Shares of cloud-based business spending management provider Coupa Software Inc. (NASDAQ: COUP) have dropped by 68% over the past 12 months. The company’s name has been included in chatter about a potential acquisition, with Salesforce among the list of prospective buyers. Coupa’s $5.7 billion market cap could be attractive to the right buyer. The company reports quarterly results after markets close Monday.

Of 28 brokerages covering the company, 13 have a Buy or Strong Buy rating and 13 have a Hold ratings. At a share price of around $74.90, the upside potential based on a median price target of $88.00 is 17.4%. At the high price target of $140.00, the upside potential is 86.9%.

First-quarter revenue is forecast at $190.69 million, down 1.4% sequentially and about 14.2% year over year. Adjusted EPS are forecast at $0.05, down 72.4% sequentially and about 28.6% year over year. For the full 2023 fiscal year ending in January, Coupa is expected to post EPS of $0.19, down 77.4%, on sales of $841.62 million, up 16.0%.

The stock trades at 399.8 times expected 2023 EPS, 132.4 times estimated 2024 earnings of $0.57 and 74.5 times estimated 2025 earnings of $1.01 per share. The stock’s 52-week range is $58.43 to $283.38. Coupa does not pay a dividend. Total shareholder return for the past year is negative 68%.

GitLab

GitLab Inc. (NASDAQ: GTLB) provides a collaborative software development platform in the United States, Europe and Asia. The company came public in mid-October of 2021 and jumped its post-IPO high less than a month later. Since the IPO, the shares have dropped by about 59%. GitLab is practically a poster child for the mass exodus of investors from growth stocks that have essentially no near-term hope for profitability, in no small part due to the deep pockets of its chief rival, Microsoft’s GitHub. GitLab reports quarterly results after markets close Monday.

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