Under Armour (UAA) International Revenue Performance Explored

20.05.24 17:46 Uhr

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Did you analyze how Under Armour (UAA) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this sports apparel company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.In our recent assessment of UAA's quarterly performance, we discovered notable trends in its overseas revenue sections, which are typically modeled and scrutinized by Wall Street analysts.The company's total revenue for the quarter amounted to $1.33 billion, showing decrease of 4.8%. We will now explore the breakdown of UAA's overseas revenue to assess the impact of its international operations.Unveiling Trends in UAA's International RevenuesOf the total revenue, $50.24 million came from Latin America during the last fiscal quarter, accounting for 3.8%. This represented a surprise of +2.83% as analysts had expected the region to contribute $48.86 million to the total revenue. In comparison, the region contributed $69.83 million, or 4.7%, and $41.81 million, or 3%, to total revenue in the previous and year-ago quarters, respectively.EMEA accounted for 21.3% of the company's total revenue during the quarter, translating to $284.13 million. Revenues from this region represented a surprise of +5.47%, with Wall Street analysts collectively expecting $269.39 million. When compared to the preceding quarter and the same quarter in the previous year, EMEA contributed $284.05 million (19.1%) and $259.51 million (18.6%) to the total revenue, respectively.Asia-Pacific generated $226.7 million in revenues for the company in the last quarter, constituting 17.0% of the total. This represented a surprise of -2.62% compared to the $232.81 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia-Pacific accounted for $212.02 million (14.3%), and in the year-ago quarter, it contributed $224.92 million (16.1%) to the total revenue.Projected Revenues in Foreign MarketsFor the current fiscal quarter, it is anticipated by Wall Street analysts that Under Armour will report a total revenue of $1.14 billion, which reflects a decline of 13.8% from the same quarter in the previous year. The revenue contributions are expected to be 4.9% from Latin America ($55.7 million), 21% from EMEA ($238 million) and 19.6% from Asia-Pacific ($222.5 million).For the entire year, the company's total revenue is forecasted to be $5.1 billion, which is a reduction of 10.6% from the previous year. The revenue contributions from different regions are expected as follows: Latin America will contribute 4.7% ($237.02 million), EMEA 22% ($1.12 billion) and Asia-Pacific 18.5% ($941.68 million) to the total revenue.Wrapping UpRelying on global markets for revenues presents both prospects and challenges for Under Armour. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.At Zacks, we place significant importance on a company's evolving earnings outlook. This is based on empirical evidence demonstrating its strong influence on a stock's short -term price movements. Invariably, there exists a positive relationship -- an upward revision in earnings estimates is typically mirrored by a rise in the stock price.The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.At the moment, Under Armour has a Zacks Rank #4 (Sell), signifying that it may underperform the overall market trend in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>A Look at Under Armour's Recent Stock Price PerformanceThe stock has witnessed an increase of 0.7% over the past month versus the Zacks S&P 500 composite's an increase of 5.8%. In the same interval, the Zacks Consumer Discretionary sector, to which Under Armour belongs, has registered an increase of 2%. Over the past three months, the company's shares saw a decrease of 19.6%, while the S&P 500 increased by 6.3%. In comparison, the sector experienced a decline of 3.7% during this timeframe.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Under Armour, Inc. (UAA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Analysen zu Under Armour Inc.

DatumRatingAnalyst
17.05.2024Under Armour BuyUBS AG
16.05.2024Under Armour UnderweightJP Morgan Chase & Co.
19.03.2024Under Armour BuyUBS AG
09.02.2024Under Armour BuyUBS AG
05.02.2024Under Armour BuyUBS AG
DatumRatingAnalyst
17.05.2024Under Armour BuyUBS AG
19.03.2024Under Armour BuyUBS AG
09.02.2024Under Armour BuyUBS AG
05.02.2024Under Armour BuyUBS AG
18.12.2023Under Armour BuyUBS AG
DatumRatingAnalyst
16.01.2024Under Armour NeutralJP Morgan Chase & Co.
24.10.2023Under Armour NeutralJP Morgan Chase & Co.
08.08.2023Under Armour NeutralJP Morgan Chase & Co.
09.05.2023Under Armour NeutralJP Morgan Chase & Co.
13.03.2023Under Armour NeutralJP Morgan Chase & Co.
DatumRatingAnalyst
16.05.2024Under Armour UnderweightJP Morgan Chase & Co.
27.07.2018Under Armour SellB. Riley FBR
02.07.2018Under Armour UnderweightJP Morgan Chase & Co.
01.11.2017Under Armour SellCanaccord Adams
31.10.2017Under Armour SellFBR & Co.

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