Amer Sports Inc reports results for the quarter ended in March - Earnings Summary

Amer Sports

21/05/2024 14:32

* Amer Sports Inc  AS.N  reported quarterly adjusted
earnings of 8
cents​​ per share for the quarter ended in March.  The mean
expectation of eleven analysts for the quarter was for earnings
of 2 cents per share. Wall Street expected results to range from
-1 cents to 8 cents per share.
    * Revenue was $1.18 billion​; analysts expected $1.13
billion. 
    * Amer Sports Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $5 million.
    * Amer Sports Inc shares had fallen by 1.7% this quarter.

FORECAST CHANGES
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "buy"

Wall Street's median 12-month price target for Amer Sports Inc
is $20.00 
This summary was machine generated from LSEG data May 21 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.02           0.08           Beat
 Dec. 31 2023      -0.01          -0.08          Missed