Under Armour, Inc. (NYSE:UAA) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 21, 2017. The stock lost about -33.4 percent in price since last results when it was at $28.94 a share. Based on the most relevant past-periods data, there is an 100 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 2 times out of last 2 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 3 times.
Here’s how traders responded to UAA earnings announcements over the past few quarters.
Under Armour, Inc. (UAA) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 27 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $0.23 which missed the consensus $0.25 projection (negative surprise of-8%). For the quarter, revenue came in at 1.31B versus consensus estimate of 1.41B. The stock dropped -25.74 percent the session following the earnings reports were released, and on 7th day price change was -28.82 percent.
On October 25, 2016, it reported earnings at $0.29 a share compared with the consensus estimate of $0.25 per share (positive surprise of 16%). Revenue of 1.47B for that quarter was above the $1.45B analysts had expected. The stock retreated -13.22% the day following the earnings announcement, and on 7th day price change was -17.94%.
On July 26, 2016, it recorded $0.01 a share in earnings which missed the consensus estimate of $0.01 (negative surprise of 0%). Revenue for the quarter was $1B while analysts called for revenues to be $1B. The stock dropped -5.12% the day following the earnings data was made public, and on 7th day price change was -9.52%.
On April 21, 2016, it announced earnings per share at $0.04 versus the consensus estimate of $0.02 per share (positive surprise of 100%). That came on revenues of $1.05B for that period. Analysts had expected $1.04B in revenue.
Under Armour, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.03. The analysts’ present consensus range is $-0.06-$0.02 for EPS. The market consensus range for revenue is between $1.09B and $1.17B, with an average of $1.11B.
Under Armour, Inc. (NYSE:UAA) last ended at $19.05, sending the company’s market cap near $7.89B. The consensus 12-month price target from analysts covering the stock is $22.49. The share price has declined -60.27% from its top level in 52 weeks and advanced -34.42% this year. It recently traded in a range of $19-$19.3 at a volume of 3208496 shares. The recent trading ended with the price nearly -4.99 lower for the last 5 trading days, rebounding 1.33% from its 52-week low.