We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Amer Sports, Inc. (AS): Can Its 5.4% Jump Turn into More Strength?
Read MoreHide Full Article
Amer Sports, Inc. (AS - Free Report) shares soared 5.4% in the last trading session to close at $39.54. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.7% loss over the past four weeks.
Amer Sports is benefiting from the strong growth of Salomon’s footwear business, which is emerging as a profitable second engine alongside Arc’teryx’s exceptional performance. This dual-brand momentum is enhancing the company’s financial profile and strengthening its long-term value creation potential.
This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +58.8%. Revenues are expected to be $1.99 billion, up 21.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Amer Sports, Inc., the consensus EPS estimate for the quarter has been revised 2.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AS going forward to see if this recent jump can turn into more strength down the road.
Amer Sports, Inc. belongs to the Zacks Leisure and Recreation Products industry. Another stock from the same industry, Yeti (YETI - Free Report) , closed the last trading session 1% lower at $46.67. Over the past month, YETI has returned -4.4%.
Yeti's consensus EPS estimate for the upcoming report has changed +8.7% over the past month to $0.88. Compared to the company's year-ago EPS, this represents a change of -12%. Yeti currently boasts a Zacks Rank of #2 (Buy).
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Strength Seen in Amer Sports, Inc. (AS): Can Its 5.4% Jump Turn into More Strength?
Amer Sports, Inc. (AS - Free Report) shares soared 5.4% in the last trading session to close at $39.54. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.7% loss over the past four weeks.
Amer Sports is benefiting from the strong growth of Salomon’s footwear business, which is emerging as a profitable second engine alongside Arc’teryx’s exceptional performance. This dual-brand momentum is enhancing the company’s financial profile and strengthening its long-term value creation potential.
This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +58.8%. Revenues are expected to be $1.99 billion, up 21.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Amer Sports, Inc., the consensus EPS estimate for the quarter has been revised 2.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Amer Sports, Inc. belongs to the Zacks Leisure and Recreation Products industry. Another stock from the same industry, Yeti (YETI - Free Report) , closed the last trading session 1% lower at $46.67. Over the past month, YETI has returned -4.4%.
Yeti's consensus EPS estimate for the upcoming report has changed +8.7% over the past month to $0.88. Compared to the company's year-ago EPS, this represents a change of -12%. Yeti currently boasts a Zacks Rank of #2 (Buy).