Strength Seen in Amer Sports, Inc. (AS): Can Its 5.4% Jump Turn into More Strength?

Core Insights - Amer Sports, Inc. shares increased by 5.4% to close at $39.54, supported by strong trading volume, contrasting with a 2.7% decline over the past four weeks [1] - The company is experiencing growth driven by Salomon's footwear business and Arc'teryx's performance, enhancing its financial profile and long-term value creation potential [2] Financial Performance - The upcoming quarterly earnings are projected at $0.27 per share, reflecting a year-over-year increase of 58.8%, with revenues expected to reach $1.99 billion, up 21.7% from the previous year [3] - The consensus EPS estimate has been revised 2.3% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [4] Industry Context - Amer Sports operates within the Zacks Leisure and Recreation Products industry, where another competitor, Yeti, has seen a 1% decline in its stock price, with a month-to-date return of -4.4% [5] - Yeti's EPS estimate has increased by 8.7% over the past month, but it represents a year-over-year decline of 12%, and it currently holds a Zacks Rank of 2 (Buy) [6]