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Factors That Hold Key to Columbia Sportswear (COLM) Q1 Earnings
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Columbia Sportswear Company (COLM - Free Report) is likely to register an increase in the top line when it reports first-quarter 2021 numbers on Apr 29, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $583.3 million, indicating an improvement of 2.7% from the prior-year reported figure.
The bottom line of this designer, marketer and distributor of outdoor and active lifestyle apparel, footwear, equipment and accessories is also expected to increase year over year. The Zacks Consensus Estimate for earnings for the quarter under review has been stable at 33 cents in the past 30 days. The figure suggests a sharp improvement from break-even earnings reported in the year-ago period.
Notably, this Portland, OR-based company has a trailing four-quarter negative earnings surprise of 22.9%, on average. In the last reported quarter, the company’s bottom line surpassed the Zacks Consensus Estimate by a significant margin of 19%.
Factors to Note
While the impact of ongoing coronavirus pandemic on Columbia Sportswear’s first-quarter performance cannot be ruled out, the strength in brands, a strong balance sheet and a robust business model appear encouraging. Markedly, the company has been making investments to drive brand awareness, enhance digital capabilities in all channels and geographies, and expand direct-to-consumer operations globally. Such endeavors along with likely recovery in the wholesale business might have fueled the company’s top line in the quarter to be reported.
Markedly, the company is on track with its Experience First initiative or the X1 initiative, aimed at enhancing e-commerce operations to keep pace with the evolving consumer shopping behavior. Moreover, the company has been undertaking brand-enhancing and unique marketing initiatives that further strengthen its presence in the apparel industry.
Clearly, aforementioned factors raise optimism regarding the outcome. However, supply chain and logistics capacity constraints as well as soft store traffic in tourist-dependent markets might have acted as headwinds for the company.
Columbia Sportswear Company Price, Consensus and EPS Surprise
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 #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Although Columbia Sportswear carries a Zacks Rank #3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Dillard's, Inc. (DDS - Free Report) has an Earnings ESP of +6.49% and a Zacks Rank #1.
Wolverine World Wide (WWW - Free Report) has an Earnings ESP of +9.57% and a Zacks Rank #3.
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create ""the world's first trillionaires."" Zacks' urgent special report reveals 3 AI picks investors need to know about today.
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Factors That Hold Key to Columbia Sportswear (COLM) Q1 Earnings
Columbia Sportswear Company (COLM - Free Report) is likely to register an increase in the top line when it reports first-quarter 2021 numbers on Apr 29, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $583.3 million, indicating an improvement of 2.7% from the prior-year reported figure.
The bottom line of this designer, marketer and distributor of outdoor and active lifestyle apparel, footwear, equipment and accessories is also expected to increase year over year. The Zacks Consensus Estimate for earnings for the quarter under review has been stable at 33 cents in the past 30 days. The figure suggests a sharp improvement from break-even earnings reported in the year-ago period.
Notably, this Portland, OR-based company has a trailing four-quarter negative earnings surprise of 22.9%, on average. In the last reported quarter, the company’s bottom line surpassed the Zacks Consensus Estimate by a significant margin of 19%.
Factors to Note
While the impact of ongoing coronavirus pandemic on Columbia Sportswear’s first-quarter performance cannot be ruled out, the strength in brands, a strong balance sheet and a robust business model appear encouraging. Markedly, the company has been making investments to drive brand awareness, enhance digital capabilities in all channels and geographies, and expand direct-to-consumer operations globally. Such endeavors along with likely recovery in the wholesale business might have fueled the company’s top line in the quarter to be reported.
Markedly, the company is on track with its Experience First initiative or the X1 initiative, aimed at enhancing e-commerce operations to keep pace with the evolving consumer shopping behavior. Moreover, the company has been undertaking brand-enhancing and unique marketing initiatives that further strengthen its presence in the apparel industry.
Clearly, aforementioned factors raise optimism regarding the outcome. However, supply chain and logistics capacity constraints as well as soft store traffic in tourist-dependent markets might have acted as headwinds for the company.
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company price-consensus-eps-surprise-chart | Columbia Sportswear Company Quote
What the Zacks Model Unveils
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 #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Although Columbia Sportswear carries a Zacks Rank #3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Abercrombie & Fitch (ANF - Free Report) has an Earnings ESP of +22.92% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dillard's, Inc. (DDS - Free Report) has an Earnings ESP of +6.49% and a Zacks Rank #1.
Wolverine World Wide (WWW - Free Report) has an Earnings ESP of +9.57% and a Zacks Rank #3.
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create ""the world's first trillionaires."" Zacks' urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>