What to Look for in Under Armour Earnings

By Chris Lange Updated Jan 13, 10:32AM EST · Published Apr 20, 1:40PM EDT

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What to Look for in Under Armour Earnings — © Thinkstock

Under Armour Inc. (NYSE: UA) is set to report its first-quarter financial results before the markets open on Thursday. Thomson Reuters has consensus estimates that call for $0.02 in earnings per share (EPS) on $1.02 billion in revenue.

In the previous earnings report, management commented that its core business remains incredibly strong and its 31% net revenue growth in the fourth quarter is clear evidence of the continued expansion in the breadth and depth of the brand.

The company delivered its 25th consecutive quarter of more than 20% net revenues growth in its largest product category of apparel. Moreover, Under Armour continued to diversify its product offering and geographic reach, driving significant market share gains in key strategic areas like basketball footwear, while better meeting the needs of the global athlete with investments in global Brand House stores and e-commerce sites helping drive 70% growth in international.

With continued investments across people, systems and digital, the company is confident in its ability to build on this tremendous momentum, reinforcing the belief that Under Armour is just getting started in becoming the next great global brand.

Ahead of the earnings report, a few analysts weighed in on the stock:

Canaccord Genuity reiterated a Buy rating with a $65 price target.
Mizuho reiterated a Buy rating.
B. Riley reiterated a Buy rating with a $50 price target.
Piper Jaffray reiterated a Neutral rating with a $35 price target.
Morgan Stanley reiterated a Sell rating.

So far in 2016, Under Armour has outperformed the broad markets, with the stock up 9%. Over the past 52 weeks, the stock is relatively flat.

Shares of Under Armour were trading at $43.87 on Wednesday. The consensus analyst price target is $54.00, and the 52-week trading range is $31.62 to $52.95.

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.