Columbia Sportswear Company (NASDAQ:COLM) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, COLM is expected to report 3Q20 income of $ 1.16 per share from revenue of $ 767.13 million.
For the full year, analysts anticipate top line of $ 2555.25 million, while looking forward to income of $ 1.94 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,180.00 million ~ $ 3,230.00 million, where as bottomline are predicted in a range of $ 4.75 ~ $ 4.90 per share
Click Here For More Historical Outlooks Of Columbia Sportswear Company
Previous Quarter Performance
Columbia Sportswear Company disclosed loss for the second quarter of $ 0.77 per share, from the revenue of $ 316.61 million. The quarterly revenues contracted 37.54 percent compared with the same quarter last year. According to street consensus, COLM was expected to report 2Q20 loss of $ 0.79 per share from revenue of $ 304.17 million. The bottom line results beat street analysts by $ 0.02 or 2.53 percent, at the same time, top line results outshined analysts by $ 12.44 million or 4.09 percent.
Stock Performance
Shares of Columbia Sportswear Company traded low $ -2.31 or -2.41 percent on Wednesday, reaching $ 93.71 with volume of 518.60 thousand shares. Columbia Sportswear Company has traded high as $ 95.83 and has cracked $ 92.18 on the downward trend
According to the previous trading day, closing price of $ 93.71, representing a 85.30 % increase from the 52 week low of $ 51.82 and a 5.91 % decrease over the 52 week high of $ 102.05.
The company has a market capital of $ 6.28 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Conference Call
Columbia Sportswear Company will be hosting a conference call at 4:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.columbia.com
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name. It also offers footwear products, including hiking boots, trail running shoes, rugged cold weather boots, sandals, and casual shoes for men, women, and youth under the Columbia and SOREL brands.
