Amer Sports Inc., a prominent name in the athletic apparel and equipment industry, is on the verge of unveiling its financial performance for the third quarter. The company, headquartered in Helsinki, Finland, has generated considerable buzz among financial experts, with many adjusting their outlooks in anticipation of robust results. This release offers a consolidated view of these expert predictions and the context surrounding them.
Amer Sports Prepares for Q3 Report Amidst Positive Analyst Revisions
On November 18, before the market opens, Amer Sports Inc. (NYSE: AS) is scheduled to release its highly anticipated third-quarter earnings. Financial analysts are projecting a significant surge in the company's profitability, with an expected earnings per share of 25 cents, a notable increase from 14 cents reported in the same period last year. Furthermore, the consensus revenue estimate stands at an impressive $1.73 billion, considerably higher than the $1.35 billion recorded in the previous year's third quarter.
These optimistic forecasts follow Amer Sports' own revised guidance issued on September 18. The company indicated that it now expects third-quarter 2025 revenue to grow in the high-20s percentage range, a substantial upgrade from its earlier projection of approximately 20% growth. Additionally, the adjusted operating margin is anticipated to meet or surpass the upper boundary of its previously stated 12% to 13% range. This upward revision by the company itself has largely fueled the positive sentiment among Wall Street analysts.
The stock experienced a modest uptick, closing at $30.76 on the day prior to the announcement, reflecting investor confidence. Several leading analysts have recently updated their ratings and price targets for Amer Sports:
- On November 17, JP Morgan's Matthew Boss reaffirmed an Overweight rating but slightly lowered the price target from $53 to $50. Boss maintains an accuracy rate of 65%.
- Wells Fargo's Ike Boruchow upgraded the stock from Equal-Weight to Overweight and increased the price target from $38 to $40 on September 29, with an accuracy rate of 71%.
- Citigroup analyst Paul Lejuez maintained a Buy rating and raised his price target from $42 to $50 on September 19, boasting a 64% accuracy rate.
- B of A Securities' Lorraine Hutchinson upheld a Buy rating and elevated her price target from $45 to $46 on September 19, with a 61% accuracy rate.
- UBS analyst Jay Sole maintained a Buy rating and increased the price target from $50 to $52 on August 20, demonstrating a 68% accuracy rate.
The consistent positive ratings and upward adjustments in price targets from these highly accurate analysts underscore a strong conviction in Amer Sports' continued growth trajectory and operational efficiency.
This upcoming earnings release will be a critical moment for Amer Sports, providing further insights into its strategic initiatives and market positioning. The anticipation among investors and the financial community is palpable, as the company’s performance could set a significant benchmark for the broader athletic goods sector.