Zumiez Inc. (ZUMZ) Updates Q4 Earnings Guidance
Zumiez Inc. (NASDAQ:ZUMZ) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.56-0.59 for the period, compared to the Thomson Reuters consensus estimate of $0.69, American Banking News.com reports. The company issued revenue guidance of $234.97 million, compared to the consensus revenue estimate of prior $0.60-0.66.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) traded down 1.58% on Wednesday, hitting $26.18. The stock had a trading volume of 608,092 shares. Zumiez Inc. has a 52-week low of $19.13 and a 52-week high of $33.50. The stock has a 50-day moving average of $26.62 and a 200-day moving average of $27.85. The company has a market cap of $792.8 million and a price-to-earnings ratio of 19.19.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, December 5th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.06. The company had revenue of $191.10 million for the quarter, compared to the consensus estimate of $190.72 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Zumiez Inc. will post $1.48 EPS for the current fiscal year.
A number of analysts have recently weighed in on ZUMZ shares. Analysts at Bank of America Corp. upgraded shares of Zumiez from a neutral rating to a buy rating in a research note to investors on Friday, December 20th. They now have a $29.00 price target on the stock, up previously from $28.00. They noted that the move was a valuation call. On a related note, analysts at Imperial Capital raised their price target on shares of Zumiez from $28.00 to $30.00 in a research note to investors on Tuesday, December 10th. They now have an in-line rating on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Zumiez from $29.00 to $27.00 in a research note to investors on Friday, December 6th. They now have a neutral rating on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $30.00.
Zumiez Inc (NASDAQ:ZUMZ) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.
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