Amer Sports (NYSE:AS) Issues Q3 2024 Earnings Guidance

Amer Sports (NYSE:AS) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.080-0.100 for the period, compared to the consensus estimate of 0.140. The company issued revenue guidance of -. Amer Sports also updated its FY 2024 guidance to 0.400-0.440 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AS. Wells Fargo & Company decreased their price target on Amer Sports from $19.00 to $17.00 and set an overweight rating on the stock in a research report on Thursday, April 25th. UBS Group lowered their target price on Amer Sports from $23.00 to $17.00 and set a buy rating for the company in a research note on Wednesday, August 7th. Finally, Morgan Stanley dropped their price objective on Amer Sports from $16.00 to $15.00 and set an equal weight rating for the company in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $18.36.

Amer Sports Stock Performance

AS stock opened at $13.64 on Wednesday. The stock has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $14.13. Amer Sports has a 1 year low of $10.11 and a 1 year high of $18.23. The company has a current ratio of 1.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.11. The firm had revenue of $993.80 million during the quarter, compared to the consensus estimate of $947.59 million. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Amer Sports will post 0.4 EPS for the current year.

About Amer Sports

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.