Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) will be reporting results tomorrow after market close. Here’s what to expect.
Columbia Sportswear missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $931.8 million, down 5.5% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ constant currency revenue estimates.
Is Columbia Sportswear a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Columbia Sportswear’s revenue to grow 2.1% year on year to $1.08 billion, a reversal from the 9.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.88 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Columbia Sportswear has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Columbia Sportswear’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. VF Corp delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 1.2%, and Levi's reported revenues up 12%, topping estimates by 6%. VF Corp traded up 1.4% following the results while Levi's was also up 4.4%.
Read our full analysis of VF Corp’s results here and Levi’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Columbia Sportswear is up 5.7% during the same time and is heading into earnings with an average analyst price target of $83.50 (compared to the current share price of $87.80).
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