NEW YORK (TheStreet) -- Under Armour (UA) - Get Report shares are soaring 16.08% to $79.61 on Thursday after the athletic apparel maker earlier this morning reported its fourth quarter fiscal 2015 financial results that topped analysts' expectations.
Profit came in at 48 cents a share, 2 cents higher than estimates. Revenue of $1.17 billion was also above forecasts of $1.12 billion.
The company saw a double-digit growth in earnings as profit increased 20% and revenue surged 31% year-over-year. This was largely helped by robust footwear and apparel sales increasing 95% and 22%, respectively.
Overall, demand for its sports footwear and apparel was boosted by the company's sponsorship deals with basketball star Stephen Curry and golfer Jordan Spieth.
Under Armour projects 2016 revenue to be $4.95 billion, above analysts' forecasts of $4.91 billion.
Separately, TheStreet Ratings currently has a Hold rating on the stock with a letter grade of C+.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, weaknesses includr premium valuation, weak operating cash flow and disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: UA