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Under Armour and Skechers gear up for Q3 earnings results

Thursday we get a look at how two popular athletic apparel companies performed during the third quarter.

Under Armour (UA) is scheduled to release results before the opening bell. Estimize is currently expecting EPS of $0.46, 2 pennies higher than Wall Street’s consensus. Revenues are also slightly higher at $1.184 billion vs. the Street’s 1.173 billion. This would easily get Under Armour out of the red on the bottom-line, with 12% EPS growth, after two negative quarters. Revenues are expected to stay in their recent range with 26% growth.

Investors have taken this stock up 45% since the beginning of the year, but some worry that it is overvalued. With a forward P/E of 46 it’s certainly priced to perfection, and will have to hit analyst’s predictions for Q3 or else risk a significant drop in price.

By comparison, Skechers (SKX) trades at 20x and Nike (NKE) at 25x. The main focus for Under Armour this quarter will be on footwear...


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