Columbia Sportswear Set to Release Q4 Earnings on February 3rd
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Earnings Announcement: Columbia Sportswear is set to announce its Q4 earnings on February 3rd after market close, with a consensus EPS estimate of $1.19, reflecting a significant year-over-year decline of 33.9%, indicating mounting pressure on profitability.
- Revenue Decline: The expected revenue for Q4 is $1.03 billion, representing a staggering 99.1% year-over-year drop, which highlights the company's struggle to grow in a highly competitive market, potentially undermining investor confidence.
- Performance Forecast Changes: Over the past year, Columbia has beaten EPS estimates 50% of the time and revenue estimates 75% of the time; however, in the last three months, EPS estimates have seen one upward revision and six downward revisions, signaling market concerns about future performance.
- Executive Changes: The company recently appointed Peter J. Bragdon and Joseph P. Boyle as co-presidents, aiming to restart growth through leadership adjustments, although the market remains cautious about its future trajectory.
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Analyst Views on COLM
Wall Street analysts forecast COLM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for COLM is 54.67 USD with a low forecast of 39.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
5 Hold
1 Sell
Hold
Current: 55.280
Low
39.00
Averages
54.67
High
75.00
Current: 55.280
Low
39.00
Averages
54.67
High
75.00
About COLM
Columbia Sportswear Company is a multi-brand global in outdoor, active and lifestyle products, including apparel, footwear, accessories, and equipment. It provides products through four brands: Columbia, SOREL, Mountain Hardwear and prAna. Its Columbia brand offers authentic, high-value outdoor apparel, footwear, accessories and equipment products suited for hiking, trail running, snow, and fishing and hunting activities, as well as everyday outdoor activities. SOREL brand offers footwear. Its Mountain Hardwear brand continues to offer essential, premium apparel, accessories and equipment products for climbers, mountaineers, skiers, snowboarders, and trail athletes. Its prAna brand offers apparel and accessories. Its products are designed to be used for all seasons, activities and locations. It sells its products in more than 110 countries and operate in four reportable segments: United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Columbia Sportswear Set to Release Q4 Earnings on February 3rd
- Earnings Announcement: Columbia Sportswear is set to announce its Q4 earnings on February 3rd after market close, with a consensus EPS estimate of $1.19, reflecting a significant year-over-year decline of 33.9%, indicating mounting pressure on profitability.
- Revenue Decline: The expected revenue for Q4 is $1.03 billion, representing a staggering 99.1% year-over-year drop, which highlights the company's struggle to grow in a highly competitive market, potentially undermining investor confidence.
- Performance Forecast Changes: Over the past year, Columbia has beaten EPS estimates 50% of the time and revenue estimates 75% of the time; however, in the last three months, EPS estimates have seen one upward revision and six downward revisions, signaling market concerns about future performance.
- Executive Changes: The company recently appointed Peter J. Bragdon and Joseph P. Boyle as co-presidents, aiming to restart growth through leadership adjustments, although the market remains cautious about its future trajectory.
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