Amer Sports (NYSE:AS) Updates Q1 Earnings Guidance

Amer Sports (NYSE:AS) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.14-$0.15 for the period, compared to the consensus earnings per share 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 Trading Up 7.5 %

Amer Sports stock traded up $2.17 during trading hours on Wednesday, reaching $31.00. 1,500,306 shares of the company’s stock were exchanged, compared to its average volume of 2,965,231. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm’s 50 day simple moving average is $30.00 and its 200 day simple moving average is $22.42. Amer Sports has a twelve month low of $10.11 and a twelve month high of $34.00. The firm has a market capitalization of $16.93 billion and a PE ratio of -221.38.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. Amer Sports’s quarterly revenue was up 23.2% on a year-over-year basis. Research analysts predict that Amer Sports will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AS has been the subject of several research reports. TD Cowen raised their target price on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI raised their target price on Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res downgraded Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. The Goldman Sachs Group raised their target price on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein started coverage on Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price for the company. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports presently has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Amer Sports Company Profile

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.