Are You Looking for a Top Momentum Pick? Why Amer Sports, Inc. (AS) is a Great Choice
Does Amer Sports, Inc. (AS) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Amer Sports (AS) Q3 2024 Earnings Call Transcript
Amer Sports Inc. (NYSE:AS ) Q3 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants James Zheng - Chief Executive Officer Andrew Page - Chief Financial Officer Stuart Haselden - Chief Executive Officer, Arc'teryx Omar Saad - Vice President, Investor Relations Conference Call Participants Lorraine Hutchinson - Bank of America Jay Sole - UBS Matthew Boss - JP Morgan Kelly - Citi Laurent Vasilescu - BNP Paribas Michael Binetti - Evercore ISI Operator Hello everyone and welcome to Amer Sports third quarter fiscal 2024 earnings call. Please note that this call is being recorded.
Amer Sports Up 72% in 3 Months: Is it Too Late to Buy the Stock?
AS benefits from strong growth in China, the success of brands like Arc'teryx and expansion efforts in key markets.
Amer Sports: Solid Demand Momentum
I recommend a buy rating for Amer Sports due to strong demand momentum and potential for positive multiple re-rating if EPS growth meets expectations. Amer Sports' Q2 2024 results showed robust revenue growth and margin expansion. With a manageable net debt ratio and a strategic inventory buildup, AS is well-positioned to meet demand and support future growth.
Amer Sports: Strong Performance And Guidance
Amer Sports reported strong Q2 2024 results, beating analyst estimates and raising guidance for FY 2024. Arc'teryx brand driving growth in China and Asia Pacific, contributing to the company's success. Financial projections and valuation suggest Amer Sports stock is fairly valued at this point, maintaining a "hold" rating for the stock.
Why Amer Sports Stock Scored Today
Amer Sports revenue jumped by 16% year over year in the second quarter. The company is going to swing to profitability from two consecutive losing years.
Amer Sports, Inc. (AS) Q2 2024 Earnings Call Transcript
Amer Sports, Inc. (NYSE:AS ) Q2 2024 Earnings Conference Call August 20, 2024 8:00 PM ET Company Participants Omar Saad - Vice President, Finance and Investor Relations James Zheng - Chief Executive Officer Andrew Page - Chief Financial Officer Stuart Haselden - Chief Executive Officer, Arc'teryx Conference Call Participants Brooke Roach - Goldman Sachs Matthew Boss - JPMorgan Paul Lejuez - Citigroup Jay Sole - UBS Ike Boruchow - Wells Fargo Laurent Vasilescu - BNP Paribas Lorraine Hutchinson - Bank of America Operator Thank you for standing by and welcome to the Amer Sports' Second Quarter Fiscal 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Amer Sports rises on upbeat outlook as it narrows loss
Amer Sports Inc.'s stock AS, +7.77% was rising by 9.4% in premarket trades Tuesday after the company cited strength in its Arc'teryx outdoor brand and said it expects to beat analyst estimates for its full-year 2024 earnings. The Helsinki, Finland-based footwear, apparel and sports-gear maker said its second-quarter loss narrowed to $1.8 million, or a penny a share, from a loss of $97 million, or 25 cents a share, in the year-ago quarter.
The Single Best Stock to Buy Under $15
24/7 Wall Street Insights Helsinki headquartered Amer Sports (NYSE: AS) owns some of the top sports equipment brands in the world that dominate the American football, baseball and basketball pro and college leagues, as well as global tennis and skiing.
