Analyst Consensus ?
ConsensusBuy16 ratings
Bullish1487.5%
Neutral212.5%
Bearish00.0%
Amer Sports, Inc. · AS · FY2024 Q3 · Calendar Q4 2024
Amer Sports raises 2024 outlook as Arc’teryx leads growth
The supplied analysis supports a constructive operating thesis for Amer Sports: premium brands, direct-to-consumer expansion and product innovation are driving growth, but the next phase depends on converting that expansion into durable margins and cash flow.
Reported Before market openNYSEConsumer Cyclical
$17.47B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.10
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.30B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+5.8%
Event window
SPY move
+0.4%
Same window
Abnormal move
+5.4%
Stock minus SPY
Volume
3.9×
Versus trailing sessions
Subsequent drift
+34.0%
Up to 20 sessions
ASSPY benchmark
Ask FN2 about AS FY2024 Q3
Transcript, numbers and history already loaded
What drove AS's +5.8% move after FY2024 Q3 earnings?What changed in AS's guidance and outlook in FY2024 Q3?Give me the bull and bear case for AS after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis describes stronger Q3 execution, with 17% sales growth and a 14.4% adjusted operating margin, alongside higher full-year revenue-growth and EPS guidance. The emphasis also shifted toward store expansion, Salomon’s Greater China rollout, debt reduction and tax-rate improvement.
Guidance delta
Management raised full-year 2024 guidance versus the prior quarter: revenue growth moved from 15–17% to 16–17%, and EPS moved from $0.40–$0.44 to $0.43–$0.45.
Key takeaways
- Q3 sales growth and adjusted operating margin exceeded the prior quarter’s outlook, according to the supplied transcript analysis.
- Arc’teryx remains the main growth engine, supported by direct-to-consumer expansion, product launches and premium mix.
- Salomon footwear is expanding in Greater China, while women’s categories and Ball & Racquet add product-led growth avenues.
- Management is balancing expansion with margin improvement, debt reduction and tax-rate work.
- The supplied facts do not include an actual-versus-consensus EPS or revenue comparison.
Management priorities
- Expand Arc’teryx stores and broaden footwear and women’s assortments.
- Scale Salomon’s Greater China footprint and test compact shop formats in APAC and EMEA.
- Invest in ERP upgrades and store build-out while targeting approximately $300 million of capex.
- Reduce net debt toward a leverage ratio of 1.5x or better.
- Improve margins and lower the effective tax rate.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$30.02Current
$19Low
$44.39Average
$62High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 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 $30.02. 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 | +39.9% | Oct 13, 2026 |
| UBS | Analyst unavailable | $38 | $27.17 | +26.6% | Sep 21, 2026 |
| Goldman Sachs | Analyst unavailable | $43 | $26.27 | +43.2% | Sep 18, 2026 |
| UBS | Analyst unavailable | $42 | $27.77 | +39.9% | Sep 10, 2026 |
| Morgan Stanley | Alex Straton | $31 | $27.77 | +3.3% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $38 | $28.69 | +26.6% | Sep 8, 2026 |
| Barclays | Analyst unavailable | $50 | $33.62 | +66.6% | Aug 19, 2026 |
| Piper Sandler | Anna Andreeva | $45 | $35.13 | +49.9% | Jul 27, 2026 |
| UBS | Jay Sole | $62 | $35.24 | +106.5% | May 20, 2026 |
| Deutsche Bank | Analyst unavailable | $52 | $35.14 | +73.2% | May 20, 2026 |
| Robert W. Baird | Jonathan Komp | $51 | $33.83 | +69.9% | May 20, 2026 |
| Truist Financial | Analyst unavailable | $50 | $33.82 | +66.6% | May 19, 2026 |
| Deutsche Bank | Analyst unavailable | $50 | $33.03 | +66.6% | May 13, 2026 |
| Truist Financial | Joseph Civello | $49 | $36.52 | +63.2% | Feb 25, 2026 |
| Evercore ISI | Michael Binetti | $50 | $41.15 | +66.6% | Feb 19, 2026 |
| UBS | Analyst unavailable | $60 | $40.69 | +99.9% | Feb 10, 2026 |
| Truist Financial | Joseph Civello | $46 | $37.14 | +53.2% | Jan 14, 2026 |
| Deutsche Bank | Analyst unavailable | $49 | $39.35 | +63.2% | Jan 8, 2026 |
| UBS | Analyst unavailable | $58 | $38.39 | +93.2% | Jan 8, 2026 |
| Wells Fargo | Ike Boruchow | $45 | $39.04 | +49.9% | Dec 16, 2025 |
| Barclays | Analyst unavailable | $49 | $37.19 | +63.2% | Dec 9, 2025 |
| Evercore ISI | Michael Binetti | $46 | $33.36 | +53.2% | Nov 19, 2025 |
| Nomura | Analyst unavailable | $39.8 | $33.36 | +32.6% | Nov 18, 2025 |
| Truist Financial | Analyst unavailable | $42 | $31.76 | +39.9% | Oct 27, 2025 |
| Wells Fargo | Ike Boruchow | $40 | $34.48 | +33.2% | Sep 29, 2025 |
| Wells Fargo | Ike Boruchow | $38 | $37.45 | +26.6% | Sep 22, 2025 |
| Morgan Stanley | Alex Straton | $41 | $37.45 | +36.6% | Sep 22, 2025 |
| Robert W. Baird | Jonathan Komp | $46 | $38.21 | +53.2% | Sep 19, 2025 |
| HSBC | Akshay Gupta | $50 | $40.71 | +66.6% | Aug 26, 2025 |
| KGI Securities | Analyst unavailable | $44.3 | $37.31 | +47.6% | Jun 25, 2025 |
| Wells Fargo | Ike Boruchow | $35 | $37 | +16.6% | May 21, 2025 |
| UBS | Jay Sole | $37 | $25.64 | +23.3% | Dec 17, 2024 |
| Evercore ISI | Michael Binetti | $25 | $19.92 | -16.7% | Nov 15, 2024 |
| Robert W. Baird | Jonathan Komp | $20 | $14.04 | -33.4% | Aug 21, 2024 |
| Bank of America Securities | Lorraine Hutchinson | $19 | $14.08 | -36.7% | Aug 21, 2024 |
| Morgan Stanley | Alex Straton | $15 | $15.01 | -50.0% | May 22, 2024 |
| UBS | Jay Sole | $23 | $15.05 | -23.4% | May 22, 2024 |
| Wells Fargo | Ike Boruchow | $17 | $14.76 | -43.4% | May 22, 2024 |
| Morgan Stanley | Alex Straton | $16 | $16.1 | -46.7% | 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
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:39:04.055137+00:00
- Polygon adjusted daily market bars · 2026-10-17T23:40:42.722302+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T23:40:42.719580+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 2026-10-17. For educational purposes only; not investment advice.