Amer Sports (NYSE:AS) Releases Q1 Earnings Guidance

Amer Sports (NYSE:AS) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.14-$0.15 for the period, compared to the consensus EPS estimate of $0.17. The company issued revenue guidance of $1.35-$1.37 billion, compared to the consensus revenue estimate of $1.38 billion. Amer Sports also updated its FY 2025 guidance to 0.640-0.690 EPS.

Amer Sports Stock Performance

AS opened at $26.44 on Tuesday. The company has a 50 day simple moving average of $29.98 and a two-hundred day simple moving average of $22.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market cap of $14.45 billion and a P/E ratio of -188.06. Amer Sports has a 1-year low of $10.11 and a 1-year high of $34.00.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.59 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts forecast that Amer Sports will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on AS. Robert W. Baird upped their price target on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Sanford C. Bernstein assumed coverage on shares of Amer Sports in a research report on Thursday, February 13th. They set an “outperform” rating and a $38.00 target price for the company. Hsbc Global Res downgraded shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Finally, HSBC cut Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amer Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.64.

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.