Academy Sports Shares Could Move 8% Next Week as Wall Street Eyes Key Figure
Academy Sports and Outdoors shares slid Tuesday with traders looking ahead to next week’s fiscal Q1 results. The stock dropped about 2.3% to $51.38, after hitting a session low of $50.85. Options markets showed an implied move of 8.2% for the report due before the bell June 9, according to Bloomberg data cited by Investing.com. June 9 is in focus as Academy's spring sales got a bounce, but now the question is if that will show up in earnings. Analysts polled by Benzinga are looking for EPS at 94 cents, revenue at $1.44 billion. EPS stands for profit per share.