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Can Under Armour (UAA) Turn In Another Earnings Beat?

1 5 18
03.08.2021

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We're in a busy stretch for corporate earnings, and in the week of Aug. 2-6, investors will start to get a closer look at how consumers were spending their money in the second quarter. That's because several retail-related names are set to report their quarterly financial results.

Among them is Under Armour (UAA, $20.45), which is scheduled to tell all in the earnings confessional ahead of the Tuesday, Aug. 3, open.

UAA shares had a strong start to 2021, entering the year trading near the $17 per-share mark before climbing all the way up to annual-high territory above $26 by May.

This notable milestone was hit the day after the athletic apparel maker's first-quarter earnings report, in which it revealed better-than-expected adjusted earnings per share (EPS) of 16 cents compared to a loss in the year prior. Revenues of $1.3 million – up 35% year-over-year (YoY) – were also higher than analysts were projecting. In addition, the company lifted its full-year forecast,........

© Kiplinger


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