24/7 Wall St.
10-27-2008, 02:50 PM
24/7 Wall St. Daily News
http://www.247wallst.com/images/2008/10/27/under_armour_logo.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/10/27/under_armour_logo.jpg)Under Armour, Inc. (NYSE: UA) is set to report earnings on Tuesday around 7:00 AM EST. The sporting apparel operation is expected to post earnings of $0.50 EPS on $227.4 million in revenues. For the next quarter, the company is expected to post $0.58 EPS on $226.8 million in revenues.
With its last quarter earnings report the sports apparel companyreiterated its 2008 net revenues outlook of $765 to $775 million, again of 26% to 28% over 2007, and it saw 2008 income from operationsoutlook in a range of $104.5 to $105.5 million, a gain of 21% to 22%over 2007.
One key area to watch here is promotion and ad spending as that has been an issue that affected shareholders in the past.
Shares are up nearly 3% today at $18.62 and its 52-week trading rangeis $16.05 to $63.90. The most recent short interest data shows thatthe stock had a 10.4 days to cover ratio with some 11.9+ million shareslisted as being in the short interest. That was down from a priorreading of 13.1+ million shares.
With such a huge sell-off of roughly 70% from highs, you would thinkthat most of the bad news and the expected slowing spending environmentwould be factored into whatever guidance the company offers. Theproblem is that even with a huge sell-off, the stock is not overly cheap incomparison to the overall market and to some peers.
Jon C. Ogg
October 27, 2008
http://feeds.feedburner.com/~f/typepad/RyNm?i=HLHPM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=HLHPM) http://feeds.feedburner.com/~f/typepad/RyNm?i=6U0rM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6U0rM) http://feeds.feedburner.com/~f/typepad/RyNm?i=b9wEm</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=b9wEm)
complete story here... (http://www.247wallst.com/2008/10/can-under-armou.html)
http://www.247wallst.com/images/2008/10/27/under_armour_logo.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/10/27/under_armour_logo.jpg)Under Armour, Inc. (NYSE: UA) is set to report earnings on Tuesday around 7:00 AM EST. The sporting apparel operation is expected to post earnings of $0.50 EPS on $227.4 million in revenues. For the next quarter, the company is expected to post $0.58 EPS on $226.8 million in revenues.
With its last quarter earnings report the sports apparel companyreiterated its 2008 net revenues outlook of $765 to $775 million, again of 26% to 28% over 2007, and it saw 2008 income from operationsoutlook in a range of $104.5 to $105.5 million, a gain of 21% to 22%over 2007.
One key area to watch here is promotion and ad spending as that has been an issue that affected shareholders in the past.
Shares are up nearly 3% today at $18.62 and its 52-week trading rangeis $16.05 to $63.90. The most recent short interest data shows thatthe stock had a 10.4 days to cover ratio with some 11.9+ million shareslisted as being in the short interest. That was down from a priorreading of 13.1+ million shares.
With such a huge sell-off of roughly 70% from highs, you would thinkthat most of the bad news and the expected slowing spending environmentwould be factored into whatever guidance the company offers. Theproblem is that even with a huge sell-off, the stock is not overly cheap incomparison to the overall market and to some peers.
Jon C. Ogg
October 27, 2008
http://feeds.feedburner.com/~f/typepad/RyNm?i=HLHPM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=HLHPM) http://feeds.feedburner.com/~f/typepad/RyNm?i=6U0rM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6U0rM) http://feeds.feedburner.com/~f/typepad/RyNm?i=b9wEm</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=b9wEm)
complete story here... (http://www.247wallst.com/2008/10/can-under-armou.html)