Amer Sports: Strong Q2 Performance and Growth Potential Affirm Buy Rating
Amer Sports Is Maintained at Buy by UBS
Express News | Amer Sports Inc : UBS Raises Target Price to $19 From $17
Express News | Evercore ISI Group Maintains Outperform on Amer Sports, Maintains $21 Price Target
A Quick Look at Today's Ratings for Amer Sports(AS.US), With a Forecast Between $15 to $21
Balancing Potential and Risk: Amer Sports' Hold Rating Amidst Market Challenges
HSBC Upgrades Amer Sports to Buy From Hold, Adjusts Price Target to $17 From $16
Amer Sports, Inc.: Strong Q2 Performance and Promising Growth Outlook Prompt Buy Rating
The parent company Yamafein, the ancestor bird, turned losses around! China's revenue in the first half of the year increased by over 50%.
In the first half of 2024, Yamafin Sports achieved a revenue of 2.177 billion US dollars, a year-on-year increase of 14.14%; the net income for the same period was 5.1 million US dollars, reversing the loss. The company's revenue in the Greater China and Asia-Pacific consumer markets in the first half of the year increased by 52.3% and 38.9% respectively, reaching 0.6 billion US dollars and 210 million US dollars.
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Amer Sports, Inc. (AS) Q2 2024 Earnings Call Transcript Summary
Why Amer Sports Stock Scored Today
Buy Rating Affirmed for Amer Sports, Inc. on Strong Growth and Positive Outlook
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After adjustment, the net income of Asmaphen Sports (AS.US) in the second quarter was 25 million US dollars, a year-on-year increase of 129%.
On August 20th, Gelunhui reported the unaudited financial results for the second quarter of 2024 of Yama Fen Sports (AS.US). The revenue for the second quarter of 2024 reached $0.994 billion, a 16% increase year-on-year. The gross profit was $0.551 billion, compared to $0.457 billion in the same period last year. The adjusted gross margin increased by 200 basis points to reach 55.8%. The adjusted net income was $25 million, a 129% increase year-on-year, and the adjusted diluted earnings per share was $0.05. Among them, the revenue of technical outfits increased by 34% to reach $0.407 billion, while that of outdoor high-performance products increased by 11%.
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