Under Armour (NYSE: UA ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Under Armour beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share stayed the same.
Margins contracted across the board.
Under Armour recorded revenue of $369.5 million. The 24 analysts polled by S&P Capital IQ looked for revenue of $357.8 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $291.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.06. The 27 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.06 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.9%, 40 basis points worse than the prior-year quarter. Operating margin was 3.2%, 70 basis points worse than the prior-year quarter. Net margin was 1.8%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $571.4 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $1.81 billion. The average EPS estimate is $1.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,699 members out of 2,956 rating the stock outperform, and 257 members rating it underperform. Among 960 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 915 give Under Armour a green thumbs-up, and 45 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Under Armour is outperform, with an average price target of $50.71.
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