UA - In Light Of Strong Holiday Numbers Under Armour Is Still Overvalued.
Under Armour (UAA) posted its FQ42018 earnings last Tuesday. The results were quite strong, with beating both on top and bottom lines: The company posted EPS of USD 0.09 vs. consensus estimates of USD 0.04, while the actual revenue amounted at USD 1,390m vs. analysts' expectations for USD 1,385m. At the same time, management reaffirmed its FY19 outlook for 3%-4% increase in total revenue and approximately 60 to 80 bps of gross margin expansion vs. FY18. In response, shares increased by 6% to the date of writing. While I truly understand investors' optimism