Under Armour, Inc. (NYSE:UA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 12.21%.
Under Armour, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 166.67% to $0.16 in the quarter versus EPS of $0.06 in the year-earlier quarter.
Revenue: Rose 23.01% to $454.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Under Armour, Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $448.96 million.
Quoting Management: Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, “We continued to create great excitement in the marketplace during the second quarter through innovative design across all platforms – apparel, footwear and accessories – speaking loudly to the next generation of Under Armour athletes. While we continue to see great momentum in our apparel business, we are demonstrating share gains in footwear on the field with baseball and football cleats, as well as building upon our momentum in running footwear with foundational platforms like UA Spine. This continued execution against our athlete’s demanding expectations helped drive net revenues growth in excess of 20% for the 13th consecutive quarter.”
Key Stats (on next page)…
Revenue decreased 3.63% from $471.61 million in the previous quarter. EPS increased 128.57% from $0.07 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.7 and has not changed. For the current year, the average estimate has moved up from a profit of $1.46 to a profit of $1.47 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)