Amer Sports, Inc. (AS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Amer Sports, Inc. is anticipated to report a year-over-year decline in earnings despite an increase in revenues, which could significantly influence its stock price depending on the actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on August 19, with a consensus estimate of $0.02 per share, reflecting a year-over-year decrease of 60%. Revenues are projected to reach $1.19 billion, marking a 19.4% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Most Accurate Estimate for Amer Sports is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +50.00%. The company currently holds a Zacks Rank of 2, suggesting a strong likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Amer Sports was expected to post earnings of $0.15 per share but exceeded expectations with actual earnings of $0.27, resulting in a surprise of +80.00%. Over the past four quarters, the company has beaten consensus EPS estimates three times [12][13]. Conclusion - Amer Sports, Inc. is viewed as a strong candidate for an earnings beat, but investors are advised to consider additional factors beyond earnings results when making investment decisions [16].