Amer Sports Q2 revenue beats on segment growth
AS•Analyst sentiment and valuation
The current average analyst rating on the shares is buy, with 21 strong buy or buy recommendations, no hold ratings and no sell or strong sell ratings.
Wall Street's median 12-month price target for Amer Sports Inc is $48.00, about 47.4% above its August 17 closing price of $32.57. The stock recently traded at 23 times the next 12-month earnings, down from a P/E of 27 three months ago.
Q2 revenue and profit beat expectations
Amer Sports said second-quarter revenue rose 32% to $1.63 billion, beating analyst expectations of $1.54 billion. Adjusted diluted EPS for the quarter was $0.18. Net income attributable to equity holders of the company was $107.2 million.
Other key Q2 figures included gross profit of $1.07 billion, operating profit of $191.7 million and pretax profit of $160.8 million.
