Under Armour Has Only Missed Earnings Once In A Decade As Public Company
Quarterly earnings reports are often nerve-wracking events for shareholders as they wait and see if their companies beat or missed consensus EPS expectations. However, Under Armour Inc (NYSE: UA) shareholders are certainly not sweating the company’s Q1 earnings report on April 21.
Under Armour has now been a public company for a decade, and in 10 years (40 quarters) of earnings reports, the company has only had a single EPS miss—a $0.01 miss in its first year on Wall Street back in Q4 of 2006.
Since then, Under Armour’s earnings have been the model of consistency: rarely surprising much to the upside, but always meeting or exceeding expectations. Since the beginning of 2012, Under Armour has only one EPS beat greater than $0.02.
As shareholders look forward to what they hope will be yet another solid earnings report in two weeks, the month of April could be a critical time for Under Armour. Sponsored athlete Jordan Spieth finished day one of the Masters with the lead, and Stephan Curry’s Golden State Warriors will begin their playoff run in a matter of days. First the Warriors have a chance to make history by notching the best regular-season record ever if they win all of their remaining games.
In addition, Under Armour issued new Class C stock starting on April 8 as part of a 2-for-1 split.
Disclosure: The author holds no position in the stocks mentioned.
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