Under Armour (UAA)(UA) reported Q1 2018 results on May 1, 2018, that beat on both revenue and EPS. Having surpassed consensus expectations, the stock initially popped in pre-market trading. However, it opened lower and remained so until noon when the price began to pick up and eventually ended the session higher than the previous day's close. In subsequent trading sessions, the stock was unable to establish a clear trend and it has been trading within 3 percent of the $17.76 closing price on April 30, 2018, the day before the Q1 result announcement.

Running through the operating metrics and the earnings call, I can appreciate why the market was unable to get enthusiastic about Under Armour yet. Nevertheless, I believe that beyond the next one or two quarters, the company should be able to get its act together and impress the market.

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