In the latest trading session, Under Armour (UAA - Free Report) closed at $22.08, marking a +1.15% move from the previous day. This change outpaced the S&P 500's 0.7% gain on the day. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 0.69%.
Heading into today, shares of the sports apparel company had lost 1.71% over the past month, lagging the Consumer Discretionary sector's gain of 2.19% and the S&P 500's gain of 1.95% in that time.
Wall Street will be looking for positivity from UAA as it approaches its next earnings report date. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.19 billion, up 0.29% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.34 per share and revenue of $5.38 billion, which would represent changes of +25.93% and +3.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for UAA. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. UAA is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that UAA has a Forward P/E ratio of 64.65 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.63.
Meanwhile, UAA's PEG ratio is currently 2.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Textile - Apparel industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.