Under Armour, Inc. (NASDAQ:UA) will unveil its latest earnings on Tuesday, July 26, 2011. The Company is a developer, marketer and distributor of branded performance apparel, footwear and accessories for men, women and youth. Under Armour is a Wall St. Cheat Sheet Premium Investment selection success story>>
Under Armour, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 9 cents per share, a rise of 28.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 10 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 9 cents during the last month. For the year, analysts are projecting net income of $1.74 per share, a rise of 29.9% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of 23 cents per share against a mean estimate of net income of 19 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $273.6 million in revenue this quarter, a rise of 33.6% from the year ago quarter. Analysts are forecasting total revenue of $1.4 billion for the year, a rise of 32.1% from last year’s revenue of $1.06 billion.
Analyst Ratings: Analysts seem relatively indifferent about Under Armour with 14 of 22 analysts surveyed maintaining a hold rating.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 29.5%, with the biggest boost coming in the most recent quarter when revenue rose 36.3% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 69.3% while it rose 51% in the fourth quarter of the last fiscal year and 33.1% in the third quarter of the last fiscal year.
Competitors to Watch: Columbia Sportswear Company (NASDAQ:COLM), Crocs (NASDAQ:CROX), Deckers Outdoor (NASDAQ:DECK), Skechers (NYSE:SKX), K-Swiss (NASDAQ:KSWS), Steven Madden (NASDAQ:SHOO), The Timberland Company (NYSE:TBL), LaCrosse Footwear (NASDAQ:BOOT), Phoenix Footwear (AMEX:PXG), Foot Locker (NYSE:FL), The Finish Line (NASDAQ:FINL) and Nike Inc. (NYSE:NKE).
Stock Price Performance: During May 23, 2011 to July 20, 2011, the stock price had risen $16.19 (24.9%) from $65 to $81.19. The stock price saw one of its best stretches over the last year between August 30, 2010 and September 20, 2010 when shares rose for 15-straight days, rising 29.4% (+$10.28) over that span. It saw one of its worst periods between May 18, 2011 and May 25, 2011 when shares fell for six-straight days, falling 4.6% (-$3.06) over that span. Shares are up $26.35 (+48%) year to date.
(Source: Xignite Financials)
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