Under Armour (UAA, $17.57) beats Q4 expectations; but supply chain issues affect outlook
Under Armour reported fourth-quarter earnings and sales that beat analysts’ expectations. However, supply chain constraints weigh on its projection.
Adjusted earnings came in at 14 cents , well ahead of 7 cents expected by analysts polled by Refinitiv.
Revenue of $1.53 billion also topped the Street estimates of $1.47 billion.
Net revenue in North America grew +15% year-over-year . International sales rose +3%. E-commerce sales increased +4% from the year-ago period.
Following a three-month transition period from Jan. 1, 2022, to March 31, the company expects sales to increase by a mid-single-digit rate, compared with a prior forecast for a low-single-digit increase. Supply chain constraints are restricting the amount of spring and summer products it can offer, thereby potentially pressuring sales. It expects earnings for that period to be in a range of 2 cents to 3 cents a share.
UAA's RSI Indicator climbs out of oversold territory
The RSI Indicator for UAA moved out of oversold territory on May 30, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 31 similar instances when the indicator left oversold territory. In of the 31 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where UAA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on UAA as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for UAA just turned positive on May 31, 2023. Looking at past instances where UAA's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UAA advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 50-day moving average for UAA moved below the 200-day moving average on April 27, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UAA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UAA broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for UAA entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.744) is normal, around the industry mean (3.001). P/E Ratio (9.337) is within average values for comparable stocks, (25.244). Projected Growth (PEG Ratio) (1.371) is also within normal values, averaging (1.794). UAA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (0.613) is also within normal values, averaging (1.686).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. UAA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UAA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a designer of branded performance products for men, women and youth
Industry ApparelFootwear
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| SMCP | 24.97 | 0.72 | +2.97% |
| AlphaMark Actively Managed Small Cap ETF | |||
| RYLG | 25.02 | 0.67 | +2.74% |
| Global X Russell 2000 Covered Call & Growth ETF | |||
| BKMC | 80.71 | 1.77 | +2.25% |
| BNY Mellon US Mid Cap Core Equity ETF | |||
| CGXU | 23.19 | 0.32 | +1.40% |
| Capital Group International Focus Eq ETF | |||
| FUMB | 19.93 | N/A | +0.03% |
| First Trust Ultra Short Dur Muncpl ETF | |||
UAA and
Correlation & Price change
A.I.dvisor indicates that over the last year, UAA has been closely correlated with UA. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if UAA jumps, then UA could also see price increases.
