Columbia Sportswear Sees FY24 EPS $3.65-$4.05 (Prior $3.45-$3.85) vs $3.66 Est.
Portfolio Pulse from Benzinga Newsdesk
Columbia Sportswear has updated its FY24 earnings per share (EPS) forecast to $3.65-$4.05, up from the previous range of $3.45-$3.85, surpassing the analyst estimate of $3.66.
April 25, 2024 | 8:40 pm
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Columbia Sportswear has raised its FY24 EPS guidance to a range of $3.65-$4.05, exceeding the consensus estimate of $3.66.
Raising the EPS forecast above analyst expectations typically signals confidence in the company's future performance, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100