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Operating Loss Could Be in the Cards for Under Armour in 2Q17

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Operating Loss Could Be in the Cards for Under Armour in 2Q17 PART 1 OF 5

Under Armour’s 2Q17 Earnings: What to Expect

Under Armour’s 2Q17 results preview

Baltimore-based Under Armour (UAA) is expected to report results for 2Q17 on Tuesday, August 1, 2017. Wall Street has predicted a loss of six cents per share for the company in comparison to a profit of one cent per share in the same quarter last year.

Under Armour’s 2Q17 Earnings: What to Expect

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Total sales are expected to rise 7.6% YoY (year-over-year) to $1.1 billion. UAA outperformed expectations on both top and bottom lines in the first quarter of the current fiscal year.

UAA’s YTD stock performance

Under Armour has been among the worst-performing sportswear stocks this year. The company is currently sitting at a YTD (year-to-date) loss of 32%. In comparison, peers Nike (NKE) and Skechers (SKX) have risen 14.8% and 16.6%, respectively. While Columbia Sportswear (COLM) and Lululemon Athletica (LULU) have also been in the red, their performances have been better than UAA’s. The two companies are down 0.8% and 5.4%, respectively.

Analysts, however, expect UAA’s stock price to rise 10% in the next 12 months. UAA has a price target of $21.57 from 33 Wall Street analysts.

ETF investors seeking to add exposure to Under Armour can consider the PowerShares S&P 500 High Beta Portfolio (SPHB), which invests 0.83% of its portfolio in the company.

What is the series all about?

This series is a preview of Under Armour’s 2Q17 results. We’ll talk about the company’s recent financial performance, its stock market performance, current valuations, and Wall Street’s recommendations on the company.

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