Analyst Consensus ?
ConsensusBuy16 ratings
Bullish1487.5%
Neutral212.5%
Bearish00.0%
Amer Sports, Inc. · AS · FY2024 Q2 · Calendar Q3 2024
Amer Sports Raises Outlook as Arc'teryx Drives DTC Growth
Amer Sports' latest results support a constructive operating narrative: premium direct-to-consumer expansion, Arc'teryx category growth, product innovation, and geographic expansion are reinforcing demand. The thesis is not yet risk-free because sustained comparable growth, inventory discipline, China promotions, and margin execution remain the key tests.
Reported Before market openNYSEConsumer Cyclical
$16.43B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.05
Consensus $-0.06
EPS surprise
+189.3%
Reported versus consensus
Reported revenue
$923.1M
Consensus $947.6M
Revenue surprise
-2.6%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+10.4%
Event window
SPY move
-0.2%
Same window
Abnormal move
+10.5%
Stock minus SPY
Volume
5.9×
Versus trailing sessions
Subsequent drift
+9.0%
Up to 20 sessions
ASSPY benchmark
Ask FN2 about AS FY2024 Q2
Transcript, numbers and history already loaded
Why did AS rise 10.4% after beating EPS estimates in FY2024 Q2?What changed in AS's guidance and outlook in FY2024 Q2?Give me the bull and bear case for AS after FY2024 Q2 earnings.
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Transcript intelligence
What changed
The current analysis shows a stronger quarter than the prior period, with Arc'teryx and DTC expansion driving performance, footwear gaining importance, Salomon extending its China footprint, and Ball & Racquet returning to growth. Management also moved from maintained guidance in the prior analysis to raised guidance in the current one.
Guidance delta
Management raised full-year revenue growth and EPS guidance, with adjusted operating margin targeted toward the high end of its stated range.
Key takeaways
- The quarter's momentum was led by Arc'teryx and premium direct-to-consumer expansion.
- Footwear and new product launches broadened growth beyond the core technical-apparel offering.
- Salomon's China retail expansion and Wilson's product activity support the wider portfolio.
- The principal counterweights are promotional pressure, inventory execution, and uneven consumer demand.
Management priorities
- Expand Arc'teryx stores and footwear, including the planned Soho flagship.
- Build Salomon's direct-to-consumer footprint in China and develop its outdoor-sneakers category.
- Advance Wilson product launches and athlete-led partnerships.
- Maintain inventory discipline, premium pricing, and progress toward the targeted operating-margin range.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$28.24Current
$19Low
$44.39Average
$62High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Sep 18, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 4, 2026 |
| UBS | Buy | Buy | Maintain | May 20, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 25, 2026 |
| Citigroup | Buy | Buy | Maintain | Sep 19, 2025 |
| Baird | Outperform | Outperform | Maintain | Sep 19, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 19, 2025 |
| HSBC | Buy | Hold | Upgrade | Aug 27, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 22, 2025 |
| TD Securities | Buy | Buy | Maintain | May 21, 2025 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 21, 2025 |
| TD Cowen | Buy | Buy | Maintain | Jan 8, 2025 |
| Bernstein | Market Perform | Outperform | Downgrade | Apr 8, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $28.24. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Randal Konik | $42 | $28.37 | +48.7% | Oct 13, 2026 |
| UBS | Analyst unavailable | $38 | $27.17 | +34.6% | Sep 21, 2026 |
| Goldman Sachs | Analyst unavailable | $43 | $26.27 | +52.3% | Sep 18, 2026 |
| UBS | Analyst unavailable | $42 | $27.77 | +48.7% | Sep 10, 2026 |
| Morgan Stanley | Alex Straton | $31 | $27.77 | +9.8% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $38 | $28.69 | +34.6% | Sep 8, 2026 |
| Barclays | Analyst unavailable | $50 | $33.62 | +77.1% | Aug 19, 2026 |
| Piper Sandler | Anna Andreeva | $45 | $35.13 | +59.3% | Jul 27, 2026 |
| UBS | Jay Sole | $62 | $35.24 | +119.5% | May 20, 2026 |
| Deutsche Bank | Analyst unavailable | $52 | $35.14 | +84.1% | May 20, 2026 |
| Robert W. Baird | Jonathan Komp | $51 | $33.83 | +80.6% | May 20, 2026 |
| Truist Financial | Analyst unavailable | $50 | $33.82 | +77.1% | May 19, 2026 |
| Deutsche Bank | Analyst unavailable | $50 | $33.03 | +77.1% | May 13, 2026 |
| Truist Financial | Joseph Civello | $49 | $36.52 | +73.5% | Feb 25, 2026 |
| Evercore ISI | Michael Binetti | $50 | $41.15 | +77.1% | Feb 19, 2026 |
| UBS | Analyst unavailable | $60 | $40.69 | +112.5% | Feb 10, 2026 |
| Truist Financial | Joseph Civello | $46 | $37.14 | +62.9% | Jan 14, 2026 |
| Deutsche Bank | Analyst unavailable | $49 | $39.35 | +73.5% | Jan 8, 2026 |
| UBS | Analyst unavailable | $58 | $38.39 | +105.4% | Jan 8, 2026 |
| Wells Fargo | Ike Boruchow | $45 | $39.04 | +59.3% | Dec 16, 2025 |
| Barclays | Analyst unavailable | $49 | $37.19 | +73.5% | Dec 9, 2025 |
| Evercore ISI | Michael Binetti | $46 | $33.36 | +62.9% | Nov 19, 2025 |
| Nomura | Analyst unavailable | $39.8 | $33.36 | +40.9% | Nov 18, 2025 |
| Truist Financial | Analyst unavailable | $42 | $31.76 | +48.7% | Oct 27, 2025 |
| Wells Fargo | Ike Boruchow | $40 | $34.48 | +41.6% | Sep 29, 2025 |
| Wells Fargo | Ike Boruchow | $38 | $37.45 | +34.6% | Sep 22, 2025 |
| Morgan Stanley | Alex Straton | $41 | $37.45 | +45.2% | Sep 22, 2025 |
| Robert W. Baird | Jonathan Komp | $46 | $38.21 | +62.9% | Sep 19, 2025 |
| HSBC | Akshay Gupta | $50 | $40.71 | +77.1% | Aug 26, 2025 |
| KGI Securities | Analyst unavailable | $44.3 | $37.31 | +56.9% | Jun 25, 2025 |
| Wells Fargo | Ike Boruchow | $35 | $37 | +23.9% | May 21, 2025 |
| UBS | Jay Sole | $37 | $25.64 | +31.0% | Dec 17, 2024 |
| Evercore ISI | Michael Binetti | $25 | $19.92 | -11.5% | Nov 15, 2024 |
| Robert W. Baird | Jonathan Komp | $20 | $14.04 | -29.2% | Aug 21, 2024 |
| Bank of America Securities | Lorraine Hutchinson | $19 | $14.08 | -32.7% | Aug 21, 2024 |
| Morgan Stanley | Alex Straton | $15 | $15.01 | -46.9% | May 22, 2024 |
| UBS | Jay Sole | $23 | $15.05 | -18.6% | May 22, 2024 |
| Wells Fargo | Ike Boruchow | $17 | $14.76 | -39.8% | May 22, 2024 |
| Morgan Stanley | Alex Straton | $16 | $16.1 | -43.3% | Feb 26, 2024 |
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Start freeCompany context
Snapshot as of publicationAmer Sports, Inc. is a global enterprise dedicated to the creation, production, promotion, and sale of athletic equipment, clothing, footwear, and related accessories. The company's extensive reach covers Europe, the Middle East, Africa, the Americas, China, and the wider Asia Pacific region. Its operations are structured into three main divisions. The Technical Apparel segment focuses on high-performance outdoor wear, shoes, and accessories, primarily under the Arc'teryx and Peak Performance brands. The Outdoor Performance segment supplies a variety of outdoor apparel, footwear, accessories, and winter sports gear from labels such as Salomon, Atomic, Armada, and ENVE. Finally, the Ball & Racquet Sports segment delivers sports equipment, activewear, and accessories, featuring prominent brands like Wilson, DeMarini, Louisville Slugger, EvoShield, and ATEC.…
Historical context
All AS earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| DECK Deckers Outdoor Corporation | FY2027 Q2 · Calendar Q4 2026 | +13.4% | -0.2% | Deckers raises FY2027 outlook as HOKA and UGG drive growth |
| TSCO Tractor Supply Company | FY2026 Q3 · Calendar Q4 2026 | +5.3% | +6.2% | Tractor Supply Q3: Pet and Digital Momentum Supports Margin Plan |
| PHM PulteGroup, Inc. | FY2026 Q3 · Calendar Q4 2026 | -4.5% | +5.8% | PulteGroup Holds Guidance as Buyer Traffic Slows |
| PKG Packaging Corporation of America | FY2026 Q3 · Calendar Q4 2026 | +3.8% | +4.2% | PCA beats Q3 expectations as Greif synergies offset cost pressure |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the AS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-26T00:30:42.936795+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T00:30:42.934188+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.