Post-earnings recap
Reported
Tue, May 12, 2026
EPS actual
$-0.10
EPS est.
$-0.03
EPS surprise
-270.37%
1-day move
-17.00%
Under Armour reported a loss per share of $0.10, significantly missing expectations. Despite this, the stock showed no movement, remaining unchanged. The lack of revenue data and management commentary leaves investors without further context for the results.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.10 | N/A | -270.37% |
| Revenue | N/A | N/A | N/A |
No transcript is on record, and the analysis is based solely on numerical results.
Under Armour, Inc. (UAA) is a sports apparel and accessories company known for its innovative athletic gear. Operating in the consumer discretionary sector, it has been focusing on enhancing brand loyalty and expanding its market presence amid changing consumer preferences.
Last quarter
In Q3-2026, Under Armour surprised analysts with an EPS of $0.09, significantly exceeding expectations. The stock reacted positively, gaining over 20% the following day.
Management promises and guidance
EPS beat streak
1Q
EPS beat rate
75%
Avg EPS surprise
+100.76%
Avg 1-day reaction
-0.02%
Overall expectations for Under Armour's upcoming earnings are mixed, with some analysts anticipating continued improvement while others remain cautious due to past performance.
Bull case
The optimistic view hinges on strong consumer demand and successful product launches, potentially leading to better-than-expected revenue and profit margins.
Bear case
Conversely, if the company fails to meet growth expectations or faces increased competition, it could lead to disappointing results and a negative market reaction.
The print will turn on these.
Q1
What will the EPS be this quarter?
Given the company's recent performance, a strong EPS could indicate a turnaround and boost investor confidence.
Q2
How is the company addressing competition in the athletic apparel market?
Understanding management's strategy to tackle competition will be critical for assessing future growth potential.
—
Est. EPS
$-0.17
Est. Rev
$556M
Impl. Move
±11.3%
Why consensus could be wrong
The Street may underestimate Under Armour's ability to capitalize on emerging trends in direct-to-consumer sales, which could drive stronger revenue growth.
Supporting evidence
The company's recent focus on product innovation has the potential to attract new customers.
Options pricing indicates a significant expected move, suggesting that traders anticipate a notable reaction to earnings.
Past earnings surprises show that the company has a history of outperforming expectations.
Key risk
If the company reports an EPS significantly above $0.10, it could challenge the current cautious sentiment.
Pre-commit to what would confirm each case.
The core debate this quarter revolves around whether Under Armour can sustain its recent momentum and effectively compete in a crowded market.
Bull confirmed if
An EPS of $0.10 or higher would confirm the bull case and indicate strong operational performance.
Bear confirmed if
An EPS below $0.02 would confirm the bear case, suggesting ongoing challenges in profitability.
What the market is pricing for the move.
Implied Move
±12.00%
Historical Avg
±12.2%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±12.5% while UAA has averaged ±12.2% over the last 8 prints — setup is roughly in line with history.
ATM IV
1.5%
30d HV
36.2%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Under Armour beats expectations, history suggests a potential stock increase of around 6.36%, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.
Miss
A miss could lead to a decline of approximately 0.55%, reflecting ongoing concerns about the company's growth trajectory.
The lines on the call that would change the story.