Columbia Sportswear (COLM - Free Report) closed the most recent trading day at $103.97, moving +1.34% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.66%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.46%.
Heading into today, shares of the maker of outdoor gear had lost 1.09% over the past month, lagging the Consumer Discretionary sector's gain of 2.95% and the S&P 500's gain of 3.97% in that time.
COLM will be looking to display strength as it nears its next earnings release, which is expected to be April 25, 2019. In that report, analysts expect COLM to post earnings of $0.85 per share. This would mark year-over-year growth of 10.39%. Our most recent consensus estimate is calling for quarterly revenue of $642.94 million, up 5.87% from the year-ago period.
COLM's full-year Zacks Consensus Estimates are calling for earnings of $4.43 per share and revenue of $3.01 billion. These results would represent year-over-year changes of +10.47% and +8.28%, respectively.
It is also important to note the recent changes to analyst estimates for COLM. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. COLM is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, COLM is currently trading at a Forward P/E ratio of 23.15. Its industry sports an average Forward P/E of 15.52, so we one might conclude that COLM is trading at a premium comparatively.
Also, we should mention that COLM has a PEG ratio of 2.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Textile - Apparel stocks are, on average, holding a PEG ratio of 1.45 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.