Columbia Sportswear Co reports results for the quarter ended in March - Earnings Summary
26/04/2024 24:03
* Columbia Sportswear Co COLM.OQ reported quarterly
adjusted
earnings of 71 cents per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 74 cents. The mean expectation of nine analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 28 cents to 38 cents per share.
* Revenue fell 6.2% to $769.98 million from a year ago;
analysts
expected $740.02 million.
* Columbia Sportswear Co's reported EPS for the quarter was
71
cents.
* The company reported quarterly net income of $42.3
million.
* Columbia Sportswear Co shares had fallen by 1.7% this
quarter and gained 0.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 38.6%
in the last three months.
* In the last 30 days, one analyst negatively revised an
earnings
estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the apparel &
accessories peer group is also "hold"
Wall Street's median 12-month price target for Columbia
Sportswear Co is $70.00
This summary was machine generated from LSEG data April 25 at
11:03 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.35 0.71 Beat
Dec. 31 2023 1.95 1.55 Missed
Sep. 30 2023 1.65 1.70 Beat
Jun. 30 2023 0.03 0.14 Beat