Columbia Sportswear (COLM - Free Report) closed the most recent trading day at $93.72, moving -0.04% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.32%. At the same time, the Dow lost 1.41%, and the tech-heavy Nasdaq lost 1.51%.
Prior to today's trading, shares of the maker of outdoor gear had lost 5.5% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 5.95% and lagged the S&P 500's loss of 5.09% in that time.
Investors will be hoping for strength from COLM as it approaches its next earnings release. In that report, analysts expect COLM to post earnings of $0 per share. This would mark a year-over-year decline of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $507.43 million, up 5.36% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.55 per share and revenue of $3.02 billion, which would represent changes of +13.47% and +8.55%, respectively, from the prior year.
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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained stagnant. COLM is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note COLM's current valuation metrics, including its Forward P/E ratio of 20.61. This represents a premium compared to its industry's average Forward P/E of 14.29.
Investors should also note that COLM has a PEG ratio of 2.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Textile - Apparel stocks are, on average, holding a PEG ratio of 1.43 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 148, which puts it in the bottom 43% 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.
To follow COLM in the coming trading sessions, be sure to utilize Zacks.com.