Two Names To Watch This Week
Under Armour, Inc. (UAA):
Consumer Discretionary - Textiles, Apparel & Luxury Goods | Reports August 1st, BMO.
The Estimize consensus calls for EPS of -$0.04, two cents higher than the Wall Street consensus and a decrease of 200% YoY. Currently, the Estimize community is looking for sales of $1.08B, which is roughly inline with the Street ($1.07B). Check out the Estimize website to see our prediction for Gross Margins.
Under Armour operates in a cutthroat market and competition is only heating up further. Recently Nike began selling their products on the Amazon platform which will help grow their e-commerce sales, and Nike continues to grab young athletes and grow their team. On the bright side, Under Armour does have Steph Curry and Jordan Speith who both are star athletes in their respective sports. Under Armour receives 20% of their revenue from Dick’s Sporting Goods, and it is not a good sign they are decreasing their square footage growth.
Tesla Inc. (TSLA):
Consumer Discretionary - Automobiles | Reports August 2nd, AMC.
The Estimize consensus calls for EPS of -$1.80, fourteen cents higher than the Wall Street consensus, and a decrease of 70% YoY. Currently, the Estimize community is looking at revenue of $2.61B, which is slightly more optimistic than the Street ($2.55B). Check out the Estimize website to see our prediction for Deliveries.
Investors are once again predicting a loss for Tesla, however, they are more interested in the Model 3. The Model 3 is a sedan that will be available for the mass-market for an affordable price of $35,000. The Model 3 which saw its first deliveries on Friday, can be the missing piece to make Tesla into the large auto maker they hope to be. Tesla also has their luxury models, which analysts believe sales has been slowing due to relatively muted production. This could be balanced out by the 500k Model 3 orders.
Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.