Earnings Preview: Columbia Sportswear
Portfolio Pulse from Benzinga Insights
Columbia Sportswear (NASDAQ:COLM) is scheduled to release its quarterly earnings report on February 1, 2024. Analysts predict an EPS of $1.96. Investors are looking for an earnings beat and positive guidance for future growth. Historically, COLM's stock price has been sensitive to earnings performance and guidance. Last quarter, COLM beat the EPS estimate by $0.06, leading to a 1.38% stock price increase the following day. However, the stock has declined 16.02% over the past 52 weeks. The upcoming earnings report could influence the stock's short-term performance.
January 31, 2024 | 3:01 pm
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Columbia Sportswear is anticipated to report an EPS of $1.96 in its upcoming earnings. Investors will focus on earnings performance and future guidance. The stock has seen a 16.02% decline over the past year, making this earnings report significant for short-term price movement.
Given the historical sensitivity of COLM's stock price to earnings performance and guidance, a positive report exceeding the $1.96 EPS estimate could lead to a short-term price increase. Conversely, failure to meet expectations or provide strong guidance could exacerbate the stock's recent downward trend.
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