Zumiez Inc. (ZUMZ) Issues Q2 Earnings Guidance
Zumiez Inc. (NASDAQ:ZUMZ) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.21-0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18, Stock Ratings Network reports. The company issued revenue guidance of $171.39 million, compared to the consensus revenue estimate of prior $0.0.14-0.0.18.
Zumiez Inc. (NASDAQ:ZUMZ) traded up 0.72% during mid-day trading on Wednesday, hitting $28.00. 219,239 shares of the company’s stock traded hands. Zumiez Inc. has a 52 week low of $20.68 and a 52 week high of $31.31. The stock’s 50-day moving average is $27.91 and its 200-day moving average is $25.20. The company has a market cap of $813.2 million and a P/E ratio of 18.06.
Zumiez (NASDAQ:ZUMZ) last released its earnings data on Thursday, May 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $162.90 million for the quarter, compared to the consensus estimate of $159.21 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Zumiez Inc. will post $1.59 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Zumiez in a research note on Wednesday, June 25th. They now have a $29.00 price target on the stock. On a related note, analysts at Topeka Capital Markets reiterated a buy rating on shares of Zumiez in a research note on Thursday, June 5th. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of Zumiez in a research note on Friday, May 23rd. They now have a $32.00 price target on the stock, up previously from $31.00. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $28.93.
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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