Top Wall Street Forecasters Revamp Under Armour Expectations Ahead Of Q3 Earnings

Core Viewpoint - Under Armour is expected to report a quarterly loss for Q3, contrasting with a profit from the previous year, indicating potential challenges in financial performance [1]. Financial Performance - Analysts predict Under Armour will report a loss of 1 cent per share for the third quarter, compared to a profit of 8 cents per share in the same quarter last year [1]. - The consensus estimate for quarterly revenue is $1.31 billion, down from $1.4 billion reported last year [1]. Recent Developments - On November 6, Under Armour reported fiscal Q2 2026 results that exceeded Wall Street expectations but subsequently lowered its full-year outlook [2]. - Following the Q2 report, Under Armour's shares fell by 5%, closing at $6.28 [2].