Under Armour Sees FY24 Adj. EPS $0.50-$0.52 vs $0.49 Est., Revenue Down 3-4%
Portfolio Pulse from Benzinga Newsdesk
Under Armour forecasts its adjusted earnings per share (EPS) for fiscal year 2024 to be between $0.50 and $0.52, surpassing the estimated $0.49. However, the company expects its revenue to decrease by 3-4%.
February 08, 2024 | 11:57 am
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NEUTRAL IMPACT
Under Armour forecasts a higher-than-expected adjusted EPS for FY24 but anticipates a revenue decline of 3-4%.
The positive EPS forecast could boost investor confidence, offset by concerns over the projected revenue decline. The net effect might be neutral in the short term as investors weigh the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Under Armour forecasts a higher-than-expected adjusted EPS for FY24 but anticipates a revenue decline of 3-4%.
The positive EPS forecast could boost investor confidence, offset by concerns over the projected revenue decline. The net effect might be neutral in the short term as investors weigh the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90