Columbia Sportswear (NASDAQ:COLM) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Columbia Sportswear beat estimated earnings by 266.67%, reporting an EPS of $0.11 versus an estimate of $0.03.
Revenue was up $11.69 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 6.91% drop in the share price the next day.
Here’s a look at Columbia Sportswear’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.86 | 1.79 | 1.30 | -0.08 |
| EPS Actual | 1.03 | 2.39 | 1.52 | 0.61 |
| Revenue Estimate | 762.69M | 1.07B | 859.95M | 497.57M |
| Revenue Actual | 761.51M | 1.13B | 804.71M | 566.37M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Columbia Sportswear management provided guidance for FY 2022, expecting earnings between $5.0 and $5.4 per share.
To track all earnings releases for Columbia Sportswear visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
