Under Armour, Inc. (NYSE:UAA) reported its Q4 results, with both EPS and revenue of $0.14 and $1.5 billion coming in better than the Street estimates of $0.07 and $1.48 billion, respectively. However, the company expects Q1/22 EPS of $0.02-$0.03, significantly lower than the Street estimate of $0.14.

Analysts at Deutsche Bank provided their views on the company following the results, believing that the progress the company has made should overshadow the near-term "speed bumps" that it is working through.

Among the positives that showcase a company is well-positioned to grow profitably in the long-term, the brokerage mentioned North America growth of 8% on a two-year basis in Q4 demonstrating healthy consumer demand for the company's premium product and shelf space gains which signify wholesale partners are comfortable with the sustainability of the company's improving brand heat. Further, the analysts believe the reset cost base and managements' focus on profitable growth will allow the company to navigate the near-term choppy terrain.