Why Recently-Listed Amer Sports Shares Are Diving Today
Portfolio Pulse from Lekha Gupta
Amer Sports, Inc. (NYSE:AS) shares fell after reporting Q4 adjusted EPS results below expectations and issuing FY24 EPS guidance under estimates. Despite a 10% Y/Y revenue increase to $1.315 billion, surpassing consensus, and growth across several regions and segments, the adjusted EPS loss of $(0.11) missed the expected $0.01. The company forecasts a modest revenue growth of 6%-8% for Q1 FY24 and expects EPS of $(0.01)-$0.02, including negative impacts from non-recurring finance costs. For FY24, EPS is projected at $0.30-$0.40, below the consensus of $0.51.
March 05, 2024 | 6:11 pm
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NEGATIVE IMPACT
Amer Sports shares declined due to lower-than-expected Q4 adjusted EPS and FY24 EPS guidance. Revenue growth was solid, but EPS losses and future projections disappointed investors.
The stock price of Amer Sports is likely to face downward pressure in the short term due to the disappointing earnings report and future earnings guidance. Despite revenue growth, the EPS miss for Q4 and the lower-than-expected EPS guidance for FY24 signal potential challenges ahead, impacting investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100