Columbia Sportswear Co expected to post earnings of $1.96 a share - Earnings Preview

Columbia Sportswear

30/01/2024 21:06

* Columbia Sportswear Co  COLM.OQ   COLM.O  is expected
to show a
fall in quarterly revenue when it reports  results on February 1
for the period ending December 31 2023
    * The Portland Oregon-based  company is expected to report a
7.6% decrease in revenue to $1.08 billion from $1.17 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.The company's guidance on October 26 2023, for the
period ended December 31, was for revenue between $1.05 billion
and $1.11 billion. (Sales/ Revenue Majority Basis is on Net
Sales)
    * ​LSEG's mean analyst estimate for Columbia Sportswear Co
is for
earnings of $1.96 per share. The company's EPS guidance on
October 26 2023, for the period ended December 31, was between
$1.93 and $2.18 
    * 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 $71.00​, below​ its last closing price
of $81.24. ​​​

The company's guidance on October 26 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD146 million and USD166 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  
 Sep. 30 2023  1.64        1.65       1.70      Beat    3
 Jun. 30 2023  0.02        0.03       0.14      Beat    441
 Mar. 31 2023  0.88        0.86       0.74      Missed  -14.2​
 Dec. 31 2022  2.28        2.28       2.02      Missed  -11.4
 ​​Sep.        1.68        1.68       1.80      Beat    7.5
 30 2022                                                
 Jun. 30 2022  0.04        0.03       0.11      Beat    238.5​
 Mar. 31 2022  0.87        0.86       1.03      Beat    20.2
 Dec. 31 2021  1.78        1.79       2.39      Beat    33.5
 This summary was machine generated January 30 at 21:06 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)