Amer Sports Reports First Quarter 2024 Financial Results, Company Updates Full Year Guidance

Amer Sports Inc. (AS) PT Lowered to $15 at Morgan Stanley

Morgan Stanley analyst Alex Straton lowered the price target on Amer Sports Inc. (NYSE: AS) to $15.00 (from $16.00) while maintaining a Equalweight rating.

The analyst comments "1Q beat was overshadowed by a disappointing 2Q guide & lack of flow thru to the FY guide,... More

UBS Reiterates Buy Rating on Amer Sports Inc. (AS)

UBS analyst Jay Sole reiterated a Buy rating and $23.00 price target on Amer Sports Inc. (NYSE: AS).

The analyst comments "We think sentiment could modestly weaken: We see several positives in Amer's report: 1) Amer raised its FY24 EPS guide; 2) Amer delivered solid Q1... More

JPMorgan Reiterates Overweight Rating on Amer Sports Inc. (AS)

JPMorgan analyst Matthew Boss reiterated an Overweight rating and $19.00 price target on Amer Sports Inc. (NYSE: AS)

The analyst comments "We rate Amer Sports Overweight. We view the combination of premium, market-shaping brands (including Arcteryx, Salomon, Wilson, Atomic and Peak Performance), managements business transformation... More

Wells Fargo Reiterates Rating on Amer Sports Inc. (AS)

Wells Fargo analyst Ike Boruchow reiterated a rating and $17.00 price target on Amer Sports Inc. (NYSE: AS).

The analyst comments "Thoughts on 1Q. While 1Q was solid (upside to revs/GMs/EPS) driven by another robust Q from Arc, there were... More

Amer Sports, Inc. (AS) Misses Q1 EPS by 3c, Offers FY24 Guidance

Amer Sports, Inc. (NYSE: AS) reported Q1 EPS of $0.08, $0.03 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $1.2 billion.

Amer Sports is updating guidance for the year ending December 31, 2024 (all guidance figures reference adjusted amounts):

Reported revenue growth: Mid-teens %
Gross... More