Under Armour, Inc. (UA - Free Report) reported second-quarter 2016 earnings of 1 cent a share –including 3 cents as impairment charges related to the liquidation of Sports Authority – that came in line with the Zacks Consensus Estimate. However, quarterly earnings fell from 3 cents delivered in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has witnessed a downward revision over the last 60 days. Under Armour’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 34.4%.
Revenues: Aided by continued strong performance of the Apparel, Footwear and Accessories categories, total revenue came in at $1,000.7 million, up 28% year over year but came in below the Zacks Consensus Estimate of $1,003 million.
Guidance: Under Armour repeated its 2016 guidance. The company expects net revenues for 2016 to be nearly $4.925 billion. This represents an increase of 24% over the 2015 level. Operating income is expected to be in the range of $440 million to $445 million, signifying growth of 8% to 9% over 2015.
Zacks Rank: Currently, Under Armour carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
Stock Movement: Under Armour’s shares are down nearly 1.4% during pre-market trading hours following the earnings release.
Check back later for our full write up on Under Armour’s earnings report!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Under Armour, Inc. (UA - Free Report) reported second-quarter 2016 earnings of 1 cent a share –including 3 cents as impairment charges related to the liquidation of Sports Authority – that came in line with the Zacks Consensus Estimate. However, quarterly earnings fell from 3 cents delivered in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has witnessed a downward revision over the last 60 days. Under Armour’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 34.4%.
Revenues: Aided by continued strong performance of the Apparel, Footwear and Accessories categories, total revenue came in at $1,000.7 million, up 28% year over year but came in below the Zacks Consensus Estimate of $1,003 million.
Guidance: Under Armour repeated its 2016 guidance. The company expects net revenues for 2016 to be nearly $4.925 billion. This represents an increase of 24% over the 2015 level. Operating income is expected to be in the range of $440 million to $445 million, signifying growth of 8% to 9% over 2015.
Zacks Rank: Currently, Under Armour carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
Stock Movement: Under Armour’s shares are down nearly 1.4% during pre-market trading hours following the earnings release.
Check back later for our full write up on Under Armour’s earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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