Amer SportsNYSE: AS

AS benefits from strong growth in China, the success of brands like Arc'teryx and expansion efforts in key markets.

I recommend a buy rating for Amer Sports due to strong demand momentum and potential for positive multiple re-rating if EPS growth meets expectations. Amer Sports' Q2 2024 results showed robust revenue growth and margin expansion. With a manageable net debt ratio and a strategic inventory buildup, AS is well-positioned to meet demand and support future growth.

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Amer Sports revenue jumped by 16% year over year in the second quarter. The company is going to swing to profitability from two consecutive losing years.

Shares of Amer Sports, parent company to brands like Wilson Sporting Good and Arc-teryx Outdoor Clothing, on a strong second-quarter beat and unexpected profit. The company raising fiscal year guidance on growing consumer demand in China and stable sales in the Americas.

Amer Sports Inc.'s stock AS, +7.77% was rising by 9.4% in premarket trades Tuesday after the company cited strength in its Arc'teryx outdoor brand and said it expects to beat analyst estimates for its full-year 2024 earnings. The Helsinki, Finland-based footwear, apparel and sports-gear maker said its second-quarter loss narrowed to $1.8 million, or a penny a share, from a loss of $97 million, or 25 cents a share, in the year-ago quarter.

Wilson tennis racket maker Amer Sports released its first earnings report since its IPO, saying its losses narrowed.

Amer Sports Inc (NYSE:AS) has received a score of positive reviews from analysts after floating on the New York Stock Exchange last month. Initiating coverage on Monday, Bank of America, UBS and Goldman Sachs analysts were among those to grant the Helsinki-based outdoor apparel brand owner ‘buy' ratings.

Private-equity and venture-capital firms flourished during the low-interest rate period that followed the 2008 financial crisis with a brisk pace of mergers and acquisitions, as well as a healthy pipeline of initial public offerings.