Columbia Sportswear (COLM) Q3 Earnings Top Estimates

Core Viewpoint - Columbia Sportswear reported quarterly earnings of $1.56 per share, exceeding the Zacks Consensus Estimate of$ 1.36 per share, but down from $1.70 per share a year ago, indicating a 8.24% year-over-year decline in earnings [1] - The company posted revenues of$ 931.77 million for the quarter, missing the Zacks Consensus Estimate by 1.56% and down from $985.68 million year-over-year [2] Earnings Performance - Columbia Sportswear achieved an earnings surprise of 14.71% for the recent quarter and had a prior quarter surprise of 35.48% [1][2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [2] Stock Performance - Columbia Sportswear shares have declined approximately 4.3% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current Zacks Rank for Columbia Sportswear is 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is$ 1.95 on revenues of $1.09 billion, and for the current fiscal year, it is$ 3.80 on revenues of $3.38 billion [7] - The estimate revisions trend for Columbia Sportswear has been unfavorable leading up to the earnings release [6] Industry Context - The Textile - Apparel industry, to which Columbia Sportswear belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Under Armour, another company in the same industry, is expected to report a quarterly earnings decline of 20.8% year-over-year [9]