Under Armour’s 1Q18 results preview
Baltimore-based Under Armour (UAA) is expected to report its results for 1Q18 on Tuesday, May 1. The results relate to the three-month period ended March 31.
Wall Street expects the company to report a net loss of $21.9 million, or $0.05 per share. Total sales are expected to remain flat at $1.1 billion.
The company reported a 58% YoY (year-over-year) decline in EPS to $0.19 in fiscal 2017. Its total sales increased 3% YoY to ~$5 billion.
YTD stock performance
After falling about 30% and 50% in 2016 and 2017, respectively, Under Armour stock has bounced back, rising 14% to date. However, Wall Street doesn’t see any further upside for the stock going forward. Read Part 4 of this series to know more about the recent stock performance and Wall Street’s take on the company.
ETF investors seeking to add exposure to Under Armour can consider the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (RCD), which invests 0.67% of its portfolio in the company.