Under Armour, Inc. (NYSE: UAA) is preparing to release its third-quarter earnings report prior to the market open on Friday, February 6. Investors and analysts alike are closely monitoring the forthcoming results, particularly in light of shifts in market expectations and recent company disclosures.
Current consensus estimates anticipate Under Armour to post a quarterly loss of one cent per share. This represents a notable decline from the company’s earnings report one year ago when it registered a profit of eight cents per share. Alongside earnings per share, revenue projections indicate a decrease to $1.31 billion for the period. Last year, Under Armour recorded revenues of $1.4 billion during the same quarter.
The context for these revised expectations can be traced back to Under Armour’s fiscal second-quarter results disclosed on November 6. While the company exceeded Wall Street’s earnings forecasts during that quarter, it simultaneously lowered its full-year guidance, introducing an element of uncertainty about the fiscal trajectory moving forward.
Reflecting market sentiment following these developments, shares of Under Armour declined by 5%, closing at $6.28 on Thursday. This share price movement underscores investor apprehension amid the mixed financial signals emerging from the company.
Analyst recommendations from several prominent Wall Street firms provide further insights into the evolving market viewpoint regarding Under Armour. On January 30, 2026, Cristina Fernandez of Telsey Advisory Group upheld a Market Perform rating on the stock, assigning a price target of $5. Fernandez’s historical accuracy stands at 63%, positioning her view as moderately reliable in the context of previous forecasts.
Citigroup’s Paul Lejuez, with an accuracy rate of 66%, maintained a Neutral rating on January 23, 2026. Notably, Lejuez adjusted the price target upward from $5 to $6.20, signaling a tempered but positive revision in expectations for Under Armour’s value.
In contrast, Guggenheim analyst Simeon Siegel initiated coverage on the stock on December 10, 2025, endorsing a Buy rating with a $6 price target. With an accuracy rate of 68%, Siegel's forecast represents one of the more optimistic analyst perspectives in recent months.
UBS analyst Jay Sole, who carries a 69% accuracy rate, also issued a Buy rating and revised the price target upward from $7.50 to $8 as of November 7, 2025. This upgrade suggests a bullish outlook on Under Armour's longer-term prospects despite near-term challenges.
Conversely, Evercore ISI Group’s Michael Binetti, who similarly holds a 69% accuracy rate, retained an Underperform rating. On the same date as Sole’s upgrade, Binetti reduced his price target from $5 to $4, reflecting a more cautious stance and anticipating potential headwinds for the company.
Given the variances in analyst ratings and price targets, the market appears divided about Under Armour's immediate earnings potential and overall financial health. Such divergence highlights challenges in projecting the company’s trajectory amid fluctuating consumer and market conditions.
For investors considering exposure to Under Armour, these nuanced analyst perspectives underscore the necessity for careful evaluation of the company's upcoming performance report and its implications for future growth and profitability.
Key Points
- Under Armour is expected to announce a quarterly loss per share of one cent, a decline from last year's eight cents profit in the third quarter.
- Projected quarterly revenue stands at $1.31 billion, down from $1.4 billion a year earlier.
- Recent fiscal second-quarter results beat analyst expectations but led to a lowered full-year outlook.
- Analyst ratings vary from Underperform to Buy, with price targets ranging from $4 to $8, reflecting diverse outlooks on the company’s future.
Risks and Uncertainties
- The downward revision in full-year guidance indicates potential challenges in achieving previous financial targets.
- Share price volatility following earnings announcements reflects investor concern over near-term company performance.
- Differences in analyst sentiment and price targets suggest uncertainty about Under Armour’s growth trajectory.
- Quarterly earnings losses could continue to pressure market valuations and investor confidence.