Athletic apparel company Under Armour (NYSE: UAA) will be reporting earnings this Thursday before market open. Here’s what investors should know.
Under Armour met analysts’ revenue expectations last quarter, reporting revenues of $1.13 billion, down 4.2% year on year. It was a slower quarter for the company, with EPS in line with analysts’ estimates and EPS guidance for next quarter missing analysts’ expectations significantly.
Is Under Armour a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Under Armour’s revenue to decline 6.5% year on year to $1.31 billion, improving from the 10.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Under Armour has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Under Armour’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ThredUp delivered year-on-year revenue growth of 33.6%, beating analysts’ expectations by 5.9%, and VF Corp reported a revenue decline of 3.5%, topping estimates by 0.9%. ThredUp traded down 7.6% following the results while VF Corp was also down 12.4%.
Read our full analysis of ThredUp’s results here and VF Corp’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Under Armour is down 10.4% during the same time and is heading into earnings with an average analyst price target of $6.14 (compared to the current share price of $4.48).
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