Columbia sportswear company (COLM – Free Report) is likely to post revenue growth when it reports second-quarter 2022 results on July 27. figure.
However, Columbia Sportswear’s net income is likely to decline year on year. Zacks’ consensus estimate for quarterly earnings was flat for the past 30 days at 4 cents per share, indicating a 93.4% drop from the figure reported in the year-ago quarter. This designer, marketer and marketer of outdoor, active and everyday apparel, footwear and accessories has a trailing four-quarter earnings surprise of 169.6%, on average. In the most recently reported quarter, the company’s net income beat Zacks’ consensus estimate by a margin of 19.8%.
Things to consider
Columbia Sportswear is committed to growing and improving its global direct-to-consumer (DTC) business through accelerated investment. The company’s DTC e-commerce business has seen strong momentum as more consumers opt to shop online. In addition, Columbia Sportswear benefited from solid performances across all of its brands. The company is committed to undertaking unique marketing and brand enhancement initiatives to strengthen its position. The persistence of these aspects bodes well for the quarter to report.
Columbia Sportswear expects mid-single-digit net sales growth in the second quarter of 2022. During its most recent earnings call, management noted that its sales growth forecast takes into account the removal of shipments of Fall 2022 to Russia-based distributors and the impact of rising COVID cases across China. The company noted that quarantines and lockdowns in various parts of China have dampened consumer demand in the short term. Management expects to generate near-break-even earnings in the quarter to report, reflecting the revenue view and the company’s fixed operating costs.
What the Zacks Model Reveals
Our proven model does not predict an earnings beat for Columbia Sportswear this time around. The combination of a positive Earnings ESP and a Zacks rank of #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of beating Earnings. You can discover the best stocks to buy or sell before they’re flagged with our earnings ESP filter.
Columbia Sportswear carries a Zacks rank #3 and an ESP gain of 0.00%.
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