Amer Sports (NYSE:AS) Updates Q2 Earnings Guidance

Amer Sports (NYSE:ASGet Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.08)-($0.04) for the period, compared to the consensus EPS estimate of ($0.05). The company issued revenue guidance of ~+10% yr/yr, compared to the consensus revenue estimate of $952.02 million. Amer Sports also updated its FY 2024 guidance to 0.400-0.400 EPS.

Amer Sports Stock Up 1.8 %

Shares of AS opened at $15.03 on Thursday. Amer Sports has a 52-week low of $13.10 and a 52-week high of $18.23. The business has a fifty day moving average of $15.01. The company has a debt-to-equity ratio of 477.02, a current ratio of 1.49 and a quick ratio of 0.80.

Amer Sports (NYSE:ASGet Free Report) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, research analysts predict that Amer Sports will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird began coverage on shares of Amer Sports in a research report on Monday, February 26th. They set an outperform rating and a $20.00 price target for the company. Citigroup assumed coverage on shares of Amer Sports in a research report on Monday, February 26th. They set a buy rating and a $19.00 target price for the company. The Goldman Sachs Group assumed coverage on Amer Sports in a research note on Monday, February 26th. They set a buy rating and a $21.00 price target on the stock. UBS Group assumed coverage on Amer Sports in a report on Monday, February 26th. They issued a buy rating and a $23.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Amer Sports from $19.00 to $17.00 and set an overweight rating for the company in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Amer Sports has a consensus rating of Moderate Buy and an average target price of $18.86.

Get Our Latest Stock Analysis on Amer Sports

Amer Sports Company Profile

(Get Free Report)

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

Featured Articles

Receive News & Ratings for Amer Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Sports and related companies with MarketBeat.com's FREE daily email newsletter.