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Under Armour is expected to show lower sales and a loss for Q2, leading analysts to change their predictions before the earnings call.

ResultsRead the original at Benzinga
Bad for UAA

Under Armour faces estimates for lower sales and a shift from profit to loss. An earlier adjusted-profit beat and one Buy rating offer some support, but sales missed before and other analysts cut ratings.

UAA · Under Armour, Inc.

AI read · Bad for UAA

The AI's read

If these estimates are right, Under Armour would have weaker business results than a year ago. An earlier quarter's adjusted profit beat expectations, but sales missed. UBS kept a Buy rating, yet Barclays downgraded the stock and other analysts cut their price targets. The weaker sales and profit estimates outweigh those signs of support.

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