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Columbia Sportswear Beats Earnings, Revenue Projections in 3Q17

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Columbia Sportswear Beats Earnings, Revenue Projections in 3Q17 PART 1 OF 5

Columbia Sportswear Beats Earnings, Revenue Projections in 3Q17

Series snapshot

Columbia Sportswear (COLM) reported its 3Q17 results after the market closed on October 26, 2017. As in the first two quarters of the year, the company cruised ahead of Wall Street’s earnings and revenue estimates. 

COLM’s total sales increased 0.2% to $747.0 million, beating the consensus by $11.0 million. Its earnings per share (or EPS) rose 5.9% to $1.25, beating the consensus by $0.10.

Columbia Sportswear Beats Earnings, Revenue Projections in 3Q17

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In this series, we’ll explore the Columbia Sportswear’s key revenue drivers and profitability during the quarter. We’ll also discuss its stock market performance, valuations, and Wall Street recommendations.

Valuations update and stock recommendation

COLM is currently trading at a one-year forward price-to-earnings ratio of 21.6x compared to 44.0x for Under Armour (UAA), 25.0x for Lululemon Athletica (LULU), and 24.0x for Nike (NKE).

The average 12-month price target by 19 analysts covering COLM is $65.18, indicating an upside of ~1.0% over the next one-year period.

About Columbia Sportswear

Founded in 1938, Columbia Sportswear is a global active lifestyle apparel, footwear, and accessories company. It has a presence in more than 90 countries.

With a market capitalization of $4.5 billion on October 26 and trailing-12-month (or TTM) sales of $2.4 billion, COLM is a relatively smaller player in the sportswear space. In comparison, industry leader Nike posted TTM sales of $34.3 billion and had a market cap of ~$92.7 billion on October 26.

ETF investors seeking to add exposure to COLM can consider the First Trust Mid Cap Value AlphaDEX ETF (FNK), which invests 0.31% of its portfolio in the company.

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