Amer Sports (NYSE:AS) Releases Q3 2026 Earnings Guidance

Key Points

• Amer Sports lowered its Q3 2026 EPS guidance to $0.31–$0.33, below the $0.38 analyst consensus, while maintaining revenue guidance at approximately $2.1 billion. Full-year 2026 EPS guidance was updated to $1.27–$1.30.
• The stock opened at $32.60 and was down 0.8%, despite the company’s latest quarterly results beating estimates with $0.22 EPS and $1.63 billion in revenue.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and average price target of $49.70; however, insiders sold 833,580 shares worth approximately $29.2 million during the latest quarter.

Amer Sports (NYSE:AS - Get Free Report) updated its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.310-0.330 for the period, compared to the consensus estimate of 0.380. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Amer Sports also updated its FY 2026 guidance to 1.270-1.300 EPS.

Analyst Upgrades and Downgrades

AS has been the subject of a number of analyst reports. Piper Sandler reissued an "overweight" rating and issued a $45.00 price target on shares of Amer Sports in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Amer Sports in a research note on Wednesday, May 20th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Amer Sports in a research report on Friday, July 24th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Finally, Truist Financial raised their price target on shares of Amer Sports from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $49.70.

Amer Sports Stock Down 0.8%

Shares of NYSE:AS opened at $32.60 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 1.66. Amer Sports has a 1 year low of $28.92 and a 1 year high of $42.76. The stock has a market capitalization of $18.06 billion, a P/E ratio of 40.75, a PEG ratio of 1.12 and a beta of 2.05. The stock has a 50-day simple moving average of $34.98 and a 200-day simple moving average of $35.38.

Amer Sports (NYSE:AS - Get Free Report) last posted its quarterly earnings results on Monday, August 17th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. During the same quarter last year, the firm posted $0.03 earnings per share. Equities analysts forecast that Amer Sports will post 1.23 earnings per share for the current year.

Insider Buying and Selling at Amer Sports

In related news, CEO Jie (James) Zheng sold 500,000 shares of the company's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $34.42, for a total transaction of $17,210,000.00. Following the completion of the sale, the chief executive officer directly owned 1,262,385 shares of the company's stock, valued at approximately $43,451,291.70. This represents a 28.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew E. Page sold 105,230 shares of the stock in a transaction on 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 sale, the chief financial officer owned 4,083 shares of the company's stock, valued at approximately $150,050.25. This represents a 96.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 833,580 shares of company stock worth $29,200,266.

Institutional Investors Weigh In On Amer Sports

A number of large investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Amer Sports by 19.6% during the 4th quarter. Invesco Ltd. now owns 232,193 shares of the company's stock valued at $8,672,000 after buying an additional 37,988 shares during the period. Owlhouse Capital LP purchased a new position in Amer Sports in the 4th quarter worth approximately $4,799,000. Vident Advisory LLC grew its position in Amer Sports by 14.5% in the fourth quarter. Vident Advisory LLC now owns 798,441 shares of the company's stock valued at $29,822,000 after acquiring an additional 101,343 shares in the last quarter. XTX Topco Ltd acquired a new stake in Amer Sports in the fourth quarter valued at approximately $694,000. Finally, Zacks Investment Management purchased a new stake in shares of Amer Sports during the fourth quarter valued at approximately $2,151,000. Institutional investors and hedge funds own 40.25% of the company's stock.

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).

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