Despite an expected dip in profit, analysts are generally optimistic about Under Armour as it prepares to reports its first-quarter earnings on Tuesday, April 21, 2015. The consensus earnings per share estimate is five cents per share.
The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was nine cents. For the fiscal year, analysts are projecting earnings of $1.10 per share. Revenue is projected to be 25% above the year-earlier total of $641.6 million at $802.3 million for the quarter. For the year, revenue is projected to roll in at $3.82 billion.
In the past two quarters, the company's revenue has increased. In the most recent quarter, revenue rose 40% year-over-year to $895.2 million. The quarter before that, it rose 30%.
The company has been profitable for the last eight quarters, and for the last four, profit has risen year-over-year by an average of more than twofold. The company benefited from the boost in the most recent quarter when profit swelled more than sixfold, marking the biggest gain.
The majority of analysts (56%) rate Under Armour as a buy. That percentage is still below the mean analyst rating of three similar companies, which average 60% buys.
Under Armour is a developer, marketer and distributor of branded performance apparel, footwear and accessories for men, women and youth. Hanesbrands, also in the apparel/accessories industry, will report earnings on Thursday, April 23, 2015. Analysts are expecting earnings of $0.22 per share for Hanesbrands, up 16% from last year's earnings of $0.19 per share. Columbia Sportswear, another company in the apparel/accessories industry is also expected to report soon, on Thursday, April 30, 2015.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
