The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Under Armour met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and earnings per share improved significantly.
Gross margins dropped, operating margins grew, net margins increased.
Under Armour chalked up revenue of $403.1 million. The 23 analysts polled by S&P Capital IQ wanted to see a top line of $402.8 million. Sales were 34% higher than the prior-year quarter's $301.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.62. The 25 earnings estimates compiled by S&P Capital IQ forecast $0.60 per share. GAAP EPS of $0.62 for Q4 were 40% higher than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 51.6%, 10 basis points worse than the prior-year quarter. Operating margin was 13.7%, 200 basis points better than the prior-year quarter. Net margin was 8.1%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $394.1 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $1.83 billion. The average EPS estimate is $2.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,651 members out of 2,885 rating the stock outperform, and 234 members rating it underperform. Among 968 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 931 give Under Armour a green thumbs-up, and 37 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 $80.59.
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