Under Armour is scheduled to report its fiscal first-quarter results Tuesday morning, when investors will be watching for whether the company top earnings expectations like it has each of the last four periods.
The athletic apparel company is expected to report revenue of $1.3 billion and a loss of $0.02 per share, compared to $1.35 billion and a gain of $0.02 in the year-ago period.
Notably, institutional investors have increased their holdings in Under Armor recently, suggesting a bullish attitude toward the stock.
Toroso Investments LLC increased its Under Armour holdings by 7.3% during the fourth quarter, according to reports, bringing its total to 14,411 shares worth about $146,000. Alliancebernstein LP, meanwhile, upped its holdings 0.4% to 298,009 shares worth more than $3 million.
Under Armour stock holds an analyst consensus rating of “Hold,” according to Bloomberg data.
Shares of the company fell 0.3% in extended trading Friday to $7.81.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel