PUMA SE (ETR:PUM) Releases Third-Quarter Results; Analysts Update Forecasts
PUMA's Stock Performance: PUMA SE shares have dropped 16% to €18.42 following a disappointing third-quarter report, with revenue falling 2.3% short of analyst expectations and a smaller-than-expected per-share loss of €0.42.
Analyst Forecasts: Analysts have revised their revenue estimates for PUMA, projecting a decline to €7.45 billion in 2026, which indicates a significant drop in sentiment and a shift from expected profits to anticipated losses.
Price Target Stability: Despite the negative outlook, the average price target for PUMA remains unchanged at €24.49, although there is a wide range of estimates among analysts, suggesting diverging opinions on the company's future performance.
Industry Comparison: PUMA's expected revenue decline contrasts sharply with the broader industry, which is projected to grow at 5.7% annually, highlighting PUMA's potential underperformance relative to its peers.
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