Under Armour Shares Shed 3% on Lower Estimates as Steiner Leisure a Buying Opp
The equity markets are looking more hopeful to traders today, however Under Armour was dealt a minor blow by analysts at Jefferies. Here’s what analysts had to say about Under Armour and Steiner Leisure today:
Under Armour, Inc. (NYSE:UA): Jefferies lowers Under Armour estimates ahead of fourth quarter results. Jefferies dropped earnings-per-share estimates from $0.64 to $0.57, below consensus estimate of $0.63, ahead of company results on January 26. Winter weather, which has been unusually mild for most of the country, has pressured Under Armour at both ends. The company has had down slope pressure on earnings, along with up slope pressure on inventory. The forecast from Jeffries is a possible fourth quarter miss and continued pressure for the year. Jefferies keeps Under Armour at Hold.
Steiner Leisure Ltd. (NASDAQ:STNR): Stifel Nicolaus surprised at Steiner Leisure weakness. Even though Steiner Leisure depends less on cruise operators, the Costa Concordia tragedy had a weakening effect on shares. Stifel Nicolaus says this could be a buying opportunity, and reiterates a Buy with a $60 target.
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