Columbia Sportswear (COLM) Stock Jumps 12.1%: Will It Continue to Soar?

Columbia Sportswear (COLM) shares soared 12.1% in the last trading session to close at $68.35. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 24.3% loss over the past four weeks.Columbia Sportswear's stock gained momentum as investor sentiment improved amid a broader market rally, following President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China. The company's brand turnaround, product innovation and global expansion continues to support positive investor outlook.This maker of outdoor gear is expected to post quarterly earnings of $0.69 per share in its upcoming report, which represents a year-over-year change of -2.8%. Revenues are expected to be $761.9 million, down 1.1% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Columbia Sportswear, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on COLM going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Columbia Sportswear belongs to the Zacks Textile - Apparel industry. Another stock from the same industry, Crocs (CROX), closed the last trading session 11.5% higher at $99.59. Over the past month, CROX has returned -9.2%.For Crocs, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.52. This represents a change of -16.6% from what the company reported a year ago. Crocs currently has a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Columbia Sportswear Company (COLM): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks