Columbia Sportswear Co expected to post a loss of 34 cents a share - Earnings Preview

Columbia Sportswear

23/07/2024 23:23

* Columbia Sportswear Co  COLM.OQ   COLM.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 25
for the period ending June 30 2024
    * The Portland Oregon-based  company is expected to report a
8.5% decrease in revenue to $568.291 million from $620.93
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on April 25
2024, for the period ended June 30, was for revenue between
$557.00 million and $576.00 million. (Sales/ Revenue Majority
Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Columbia Sportswear Co
is for
a loss of 34 cents per share. The company's EPS guidance on
April 25 2024, for the period ended June 30, was between $-0.46
and $-0.26 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Columbia
Sportswear Co is $80.00​, above​ its last closing price
of $78.37. ​​​

The company's guidance on April 25 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD-42 million and USD-27 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.34        0.35       0.71      Beat    104.8
 Dec. 31 2024  1.94        1.95       1.55      Missed  -20.7
 Sep. 30 2023  1.64        1.65       1.70      Beat    3​
 Jan. 1 0001   0.02        0.03       0.14      Beat    441
 ​​Mar.        0.88        0.86       0.74      Missed  -14.2
 31 2023                                                
 Dec. 31 2022  2.28        2.28       2.02      Missed  -11.4​
 Sep. 30 2022  1.68        1.68       1.80      Beat    7.5
 Jan. 1 0001   0.04        0.03       0.11      Beat    238.5
 This summary was machine generated July 23 at 22:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)