Under Armour Investors Suit Up For Earnings (UA)

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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