Under Armour, Inc. UAA, a leading designer, marketer, and distributor of athletic footwear, apparel, and accessories, reported break-even bottom line result in first-quarter 2018 that compared favorably with the Zacks Consensus Estimate of a loss of 5 cents per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has been stable in the last 30 days. If we look at its performance in the trailing four quarters (excluding the quarter under review), the company’s earnings have outperformed the Zacks Consensus Estimate by an average of 10.2%.
Under Armour, Inc. Price, Consensus and EPS Surprise
Under Armour, Inc. Price, Consensus and EPS Surprise | Under Armour, Inc. Quote
Revenues: Under Armour generated net revenue of $1,185.4 million that increased 5.9% year over year and surpassed the Zacks Consensus Estimate of $1,122 million. Also, on a currency-neutral basis, it rose 4%. For 2018, the company anticipates net revenue to be up at a low single-digit percentage rate.
Zacks Rank: Currently, Under Armour carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Following the earnings release, shares of Under Armour are up nearly 3.8% during pre-market trading hours.
Check back later for our full write up on Under Armour’s earnings report!
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