Canaccord Genuity Reiterates a 'Buy' on Under Armour, Inc. (UA); Q1 Preview
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Price: $63.01 --0%
Rating Summary:
11 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 7
Rating Summary:
11 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 7
Trade UA Now!
Canaccord Genuity reiterates a 'Buy' on Under Armour, Inc. (NYSE: UA) price target raised from $102 to $106.
Analyst, Camilo Lyon, said, "We reiterate our rating on UA heading into Q1/12 earnings on Friday, April 20, as we believe our estimate of $0.25 (1 penny above consensus) could prove conservative due to stronger top-line trends we have seen during the quarter. In addition, checks with industry contacts suggest strong demand trends have continued into April."
"We are modeling revenue growth of 20% and EPS of $0.25 vs. consensus of 21% and $0.24, respectively. We also expect gross margin pressure of ~110bps from input cost pressures not yet abating."
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $96.26 yesterday, with a 52 week range of $52.62-$99.35.
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Analyst, Camilo Lyon, said, "We reiterate our rating on UA heading into Q1/12 earnings on Friday, April 20, as we believe our estimate of $0.25 (1 penny above consensus) could prove conservative due to stronger top-line trends we have seen during the quarter. In addition, checks with industry contacts suggest strong demand trends have continued into April."
"We are modeling revenue growth of 20% and EPS of $0.25 vs. consensus of 21% and $0.24, respectively. We also expect gross margin pressure of ~110bps from input cost pressures not yet abating."
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $96.26 yesterday, with a 52 week range of $52.62-$99.35.
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