Amer Sports Guides FY EPS to $1.27-$1.30, Above Expectations
AS sits 19% above its 52-week low of $28.92 on elevated volume (2.1× avg).
Summary
Amer Sports issued full-year EPS guidance of $1.27 to $1.30, a concrete range that gives traders a clear earnings anchor. The company has not previously provided FY guidance, so this is new information. The range implies solid profitability and likely exceeds consensus, which should support the stock. Amer Sports also lifted its full-year outlook after reporting second-quarter revenue and profit growth. The company sees third-quarter reported revenue growth of 18%-20% and 2026 reported revenue growth of about 24%.
At the time of this announcement, AS was trading at $34.45 on NYSE in the Trade & Services sector, with a market capitalization of approximately $18.8B. The 52-week trading range was $28.92 to $42.76. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.