Amer Sports Inc. (NYSE: AS ) on Tuesday reported better-than-expected second-quarter results and raised its full-year outlook.
Amer Sports reported adjusted earnings of 22 cents per share, beating the 11-cent consensus estimate. Revenue rose 32% year over year to $1.633 billion, beating the $1.543 billion estimate.
For the third quarter, Amer Sports expects earnings of 31 cents to 33 cents per share, missing the 39-cent consensus estimate at the midpoint. The company expects revenue of $2.072 billion to $2.107 billion, beating the $2.065 billion consensus estimate at the midpoint.
Amer Sports raised its full-year 2026 GAAP earnings outlook to $1.27 to $1.30 per share from $1.18 to $1.23. The new range is above the $1.20 analyst estimate. The company also raised its revenue outlook to about $8.142 billion from $7.879 billion to $8.011 billion, beating the $8.023 billion estimate.
CEO James Zheng said, “Our global momentum continued through the second quarter with over 30% revenue growth and strong operating margin expansion. All segments, geographies, and channels achieved strong double-digit growth led by another exceptional quarter from Salomon Softgoods, a strong Arc’teryx omni-comp, and a Wilson Tennis 360 acceleration.”
Latest Private Market Opportunities Join 400,000+ InvestorsAmer Sports shares rose 0.6% to trade at $33.83 on Wednesday.
These analysts made changes to their price targets on Amer Sports following earnings announcement.
Barclays analyst Adrienne Yih maintained the stock with an Overweight rating and raised the price target from $49 to $50. Truist Securities analyst Joseph Civello maintained the stock with a Buy and lowered the price target from $50 to $42.Considering buying AS stock? Here’s what analysts think:
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