Amer Sports Inc reports results for the quarter ended September 30 - Earnings Summary

Amer Sports

19/11/2024 14:32

* Amer Sports Inc  AS.N  reported quarterly adjusted
earnings of
14 cents​​ per share for the quarter ended September 30.  The
mean expectation of eleven analysts for the quarter was
for earnings of 10 cents per share. Wall Street expected
results to range from 8 cents to 12 cents per share.
    * Revenue was $1.35 billion​; analysts expected $1.30
billion. 
    * Amer Sports Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $55.8
million.
    * Amer Sports Inc shares had risen by 22.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "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 $21.00 
This summary was machine generated from LSEG data November 19 at
02:31 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
 Sep. 30 2024      0.10           0.14           Beat
 Jun. 30 2024      -0.06          0.05           Beat
 Mar. 31 2024      0.02           0.08           Beat
 Dec. 31 2023      -0.01          -0.08          Missed