Under Armour (UAA) Q4 Earnings Miss, Revenues Beat
Under Armour, Inc. UAA, a leading designer, marketer, and distributor of athletic footwear, apparel, and accessories, released fourth-quarter 2017 results, wherein it posted break-even earnings per share that lagged the Zacks Consensus Estimate of a penny.
Under Armour, Inc. Price, Consensus and EPS Surprise
Under Armour, Inc. Price, Consensus and EPS Surprise | Under Armour, Inc. Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has declined by a penny in the last seven days. However, 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 33.2%.
Revenues: Under Armour generated net revenue of $1,365.4 million that increased 5% year over year and also surpassed the Zacks Consensus Estimate of $1,308 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 12% during pre-market trading hours.
Check back later for our full write up on Under Armour’s earnings report!
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