Amer Sports (NYSE:AS) Releases Q1 Earnings Guidance

Amer Sports (NYSE:AS) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.14-$0.15 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several research firms have commented on AS. Sanford C. Bernstein began 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 on the stock. Morgan Stanley raised their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price target on shares of Amer Sports from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Citigroup raised their price target on shares of Amer Sports from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their price target on shares of Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.43.

Amer Sports Stock Performance

Amer Sports stock traded up $2.17 during mid-day trading on Wednesday, reaching $31.00. The company’s stock had a trading volume of 1,500,306 shares, compared to its average volume of 2,965,231. The firm’s fifty day moving average price is $30.00 and its two-hundred day moving average price is $22.42. The company has a market capitalization of $16.93 billion and a P/E ratio of -221.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. Amer Sports has a 12-month low of $10.11 and a 12-month high of $34.00.

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