Under Armour Investors Suit Up For Earnings (UA)

April 28, 2008 by Douglas A. McIntyre

Tuesday in the early hours of the morning, we’ll get to see earnings out of Under Armour, Inc. (NASDAQ: UA).

The estimates for the performance apparel company from First Call are $0.03 EPS on $153.65 million in revenues.  Next quarter estimates are $0.02 EPS on $161.11 million in revenues. Estimates for fiscal Dec-2008 are $1.28 EPS on $775.28 million in revenues.

Options traders appearto be braced for a move of nearly $3.00 in either direction.  Analysts have an average price target north of $50.00, and Under Armour’s 52-week trading range is $25.39 to $73.40.  Shares closed Monday at $38.58.  We’d like to note that while shares have an intraday low of $25.39, this one really had a low close of $28.01.

With shares down by almost half from last year’s highs, we’ll all know the answer of whether this was a GARP stock or just another overestimated apparel growth story. 

Jon C. Ogg
April 28, 2008