Amer Sports (NYSE:AS) Shares Gap Up on Better-Than-Expected Earnings

Amer Sports, Inc. (NYSE:AS)’s share price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $32.57, but opened at $33.89. Amer Sports shares last traded at $33.6190, with a volume of 2,683,307 shares.

The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. Amer Sports had a return on equity of 10.29% and a net margin of 6.50%.The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm earned $0.03 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year.

Trending Headlines about Amer Sports

Here are the key news stories impacting Amer Sports this week:

• Positive Sentiment: Amer Sports reported second-quarter EPS of $0.22, double the $0.11 analyst consensus, while revenue rose 32.1% year over year to $1.63 billion, exceeding estimates of $1.54 billion. The company cited broad-based double-digit growth across segments, regions and channels, led by Salomon, Arc’teryx and Wilson Tennis. Amer Sports Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its full-year 2026 outlook, projecting revenue of approximately $8.1 billion versus the prior consensus of $8.0 billion and EPS of $1.27–$1.30 versus expectations of $1.26. Amer Sports also raised its full-year revenue, operating-margin and EPS guidance, signaling confidence in continued demand and profitability improvement. Amer Sports Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Amer Sports filed its unaudited second-quarter interim results and management discussion and analysis on Form 6-K, providing the formal regulatory disclosure supporting the earnings announcement. Amer Sports Files Q2 2026 Interim Results and MD&A
• Negative Sentiment: Third-quarter EPS guidance of $0.31–$0.33 is below the $0.38 analyst consensus, potentially raising concerns about near-term expenses, seasonality or margin pressure. However, projected revenue of about $2.1 billion is broadly in line with expectations.

Analyst Ratings Changes

AS has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amer Sports in a research report on Friday, July 24th. Robert W. Baird set a $51.00 price target on shares of Amer Sports in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Amer Sports in a report on Wednesday, May 20th. Truist Financial increased their target price on shares of Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. lifted their target price on Amer Sports from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amer Sports currently has an average rating of “Buy” and an average price target of $49.70.

Insider Buying and Selling at Amer Sports

In related news, CFO Andrew E. Page sold 105,230 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.75, for a total value of $3,867,202.50. Following the completion of the transaction, the chief financial officer owned 4,083 shares of the company’s stock, valued at $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stuart Haselden sold 215,275 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $35.57, for a total transaction of $7,657,331.75. Following the transaction, the chief executive officer owned 215,275 shares of the company’s stock, valued at approximately $7,657,331.75. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 833,580 shares of company stock worth $29,200,266.

Institutional Investors Weigh In On Amer Sports

Hedge funds have recently made changes to their positions in the company. Artisan Partners Limited Partnership lifted its holdings in Amer Sports by 1,306.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,214,439 shares of the company’s stock valued at $194,759,000 after purchasing an additional 4,843,742 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in Amer Sports during the second quarter worth about $108,562,000. Viking Global Investors LP increased its holdings in shares of Amer Sports by 63.5% during the third quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock worth $220,436,000 after buying an additional 2,462,832 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Amer Sports during the second quarter worth approximately $87,287,000. Finally, Squarepoint Ops LLC raised its stake in shares of Amer Sports by 5,847.1% in the fourth quarter. Squarepoint Ops LLC now owns 1,986,102 shares of the company’s stock valued at $74,181,000 after acquiring an additional 1,952,706 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Stock Up 4.7%

The company has a market cap of $18.89 billion, a P/E ratio of 42.35, a PEG ratio of 1.12 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82. The business’s 50 day moving average price is $34.98 and its 200-day moving average price is $35.38.

About Amer Sports

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).