Columbia sportswear company (COLM – Free Report) is expected to see improved revenue and earnings when it reports first quarter 2022 results on April 28. there is the figure for the quarter.
Zacks’ consensus estimate for quarterly earnings was flat for the past 30 days at 86 cents per share, indicating a 2.4% increase 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 203.3%, on average. In the most recently reported quarter, the company’s net income beat Zacks’ consensus estimate by a margin of 34.3%.
Things to note
Columbia Sportswear is committed to growing and improving its global direct-to-consumer (DTC) business through accelerated investment. DTC e-commerce is seeing strong momentum with more and more consumers opting to shop online. Continued growth in the company’s DTC business likely helped Columbia Sportswear’s performance in the first quarter of 2022.
Columbia Sportswear enjoyed solid performances across all of its brands. The company is committed to undertaking unique branding and marketing initiatives to further strengthen its position. On its most recent earnings call, management emphasized that it expects net sales growth in the first half of 2022 between the high teens and the low range of 20% from first half 2021 levels.
That being said, Columbia Sportswear is struggling with an increase in inbound freight spend. The company’s gross margin is expected to contract by more than 300 basis points in the first half of 2022. Continuing high costs threaten the company’s margin performance in the quarter under review.
What the Zacks Model Reveals
Our proven model does not conclusively 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 wears a Zacks rank #3 and has an ESP gain of 0.00%.
Actions with favorable combinations
Here are a few companies you might want to consider as our model shows they have the right combination of elements to post a pace of earnings in the reportable quarter.
Gildan Sportswear (GIL – Free Report) has a +10.20% Earnings ESP and Zacks Rank #1, currently. GIL is expected to record an increase in net income when it reports first-quarter 2022 results. Zacks’ consensus estimate for quarterly earnings rose a penny to 49 cents per share over the past 30 days, indicating an increase of 2.1% compared to the count of the quarter of the previous year. You can see the full list of today’s Zacks #1 Rank stocks here.
Gildan Activewear’s turnover is expected to increase compared to the figure published a year ago. Zacks’ consensus estimate for quarterly revenue is pegged at $656.7 million, suggesting an 11.4% increase from the figure reported in the year-ago quarter. GIL has posted a 66.6% profit pace, on average, over the past four quarters.
Marriott International (MAR – Free Report) has a +5.35% Earnings ESP and Zacks Rank #3, currently. MAR will likely see an increase in net income when it reports first-quarter 2022 results. Zacks’ consensus estimate for quarterly earnings fell a penny to 94 cents per share over the past seven days, indicating a improvement from the 10 cents per share recorded in the prior year quarter.
Marriott International’s revenue is expected to increase from the figure reported a year ago. Zacks’ consensus estimate for quarterly revenue is pegged at $4.172 billion, suggesting an 80% increase from the figure shown in the year-ago quarter levels. MAR has posted an 86.6% profit beat, on average, over the past four quarters.
Charter Communications (CHTR – Free Report) currently has a +2.96% Earnings ESP and Zacks Rank #3. CHTR is expected to report revenue growth when it reports first quarter 2022 results. Zacks’ consensus estimate for quarterly revenue is set at $13,209 million, indicating an improvement of 5. 5% compared to the figure indicated in the quarter of the previous year.
Zacks’ consensus estimate for Charter Communications’ net income is down 0.9% over the past 30 days to $6.52 per share. However, the metric reflects growth of 58.6% from the $4.11 reported in the prior year quarter. CHTR has posted a 12% earnings beat, on average, over the past four quarters.
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