Under Armour (UA) FY Guidance Conservative, Thinks Analyst

January 31, 2013 3:02 PM EST
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Under Armour (NYSE: UA) today reported Q4 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $506.6 million versus the consensus estimate of $497.88 million. The company also issued FY2013 revenue guidance of $2.2 billion to $2.22 billion.

Commenting on the developments, analyst Sam Poser of Sterne Agee said he thinks the company's guidance will prove conservative.

"We view guidance as conservative given the strong momentum of the brand and expect upward revisions throughout the year as more orders are in hand. State tax credits, which are not included in guidance, may come to bear in 2H13 and would provide a $0.03-$0.05 upside to implied EPS guidance," said Poser.

Overall, he thinks the company is positioned well for long-term growth.

Sterne Agee has a Buy rating on Under Armour, Inc. with a price target of $64.00.

For an analyst ratings summary and ratings history on Under Armour, Inc. (NYSE: UA) click here. For more ratings news on Under Armour, Inc. click here.

Shares of Under Armour, Inc. closed at $48.13 yesterday.

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