Earnings Outlook For Under Armour
Portfolio Pulse from Benzinga Insights
Under Armour (NYSE:UAA) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $0.11. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 3.23% share price drop. Over the last year, UAA shares have declined by 27.51%, indicating potential investor concern ahead of the announcement.
February 07, 2024 | 2:01 pm
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Under Armour is expected to report an EPS of $0.11 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a notable 27.51% decline over the past year.
Given Under Armour's mixed historical earnings performance and the significant decline in share price over the past year, the short-term impact of the upcoming earnings report is uncertain. While beating the EPS estimate could provide a positive short-term boost, the overall trend suggests investor caution. The importance of the earnings guidance for the next quarter cannot be understated, as it may significantly influence investor sentiment and stock price movement.
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