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Under Armour (UAA) Gains But Lags Market: What You Should Know
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Under Armour (UAA - Free Report) closed at $17.16 in the latest trading session, marking a +1% move from the prior day. This move lagged the S&P 500's daily gain of 1.24%. Elsewhere, the Dow gained 1.23%, while the tech-heavy Nasdaq added 0.15%.
Heading into today, shares of the sports apparel company had lost 1.51% over the past month, outpacing the Consumer Discretionary sector's loss of 8.26% and the S&P 500's loss of 2.45% in that time.
Investors will be hoping for strength from Under Armour as it approaches its next earnings release. In that report, analysts expect Under Armour to post earnings of $0.04 per share. This would mark a year-over-year decline of 75%. Our most recent consensus estimate is calling for quarterly revenue of $1.33 billion, up 5.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.74 per share and revenue of $5.96 billion. These totals would mark changes of -12.94% and +4.94%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Under Armour. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.65% lower. Under Armour is currently a Zacks Rank #3 (Hold).
In terms of valuation, Under Armour is currently trading at a Forward P/E ratio of 23.12. Its industry sports an average Forward P/E of 11.86, so we one might conclude that Under Armour is trading at a premium comparatively.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 48, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Under Armour (UAA) Gains But Lags Market: What You Should Know
Under Armour (UAA - Free Report) closed at $17.16 in the latest trading session, marking a +1% move from the prior day. This move lagged the S&P 500's daily gain of 1.24%. Elsewhere, the Dow gained 1.23%, while the tech-heavy Nasdaq added 0.15%.
Heading into today, shares of the sports apparel company had lost 1.51% over the past month, outpacing the Consumer Discretionary sector's loss of 8.26% and the S&P 500's loss of 2.45% in that time.
Investors will be hoping for strength from Under Armour as it approaches its next earnings release. In that report, analysts expect Under Armour to post earnings of $0.04 per share. This would mark a year-over-year decline of 75%. Our most recent consensus estimate is calling for quarterly revenue of $1.33 billion, up 5.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.74 per share and revenue of $5.96 billion. These totals would mark changes of -12.94% and +4.94%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Under Armour. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.65% lower. Under Armour is currently a Zacks Rank #3 (Hold).
In terms of valuation, Under Armour is currently trading at a Forward P/E ratio of 23.12. Its industry sports an average Forward P/E of 11.86, so we one might conclude that Under Armour is trading at a premium comparatively.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 48, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.