Zumiez Inc. (ZUMZ) Issues Q3 Earnings Guidance
Zumiez Inc. (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.47-0.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $207-211 million, compared to the consensus revenue estimate of $210.16 million.
Zumiez Inc. (NASDAQ:ZUMZ) traded up 0.37% on Thursday, hitting $32.41. 534,037 shares of the company’s stock traded hands. Zumiez Inc. has a 52 week low of $20.68 and a 52 week high of $33.64. The stock has a 50-day moving average of $29.6 and a 200-day moving average of $26.96. The company has a market cap of $941.3 million and a P/E ratio of 20.98.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 4th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $176.70 million for the quarter, compared to the consensus estimate of $176.81 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Zumiez Inc. will post $1.64 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ZUMZ shares. Analysts at Susquehanna raised their price target on shares of Zumiez from $28.00 to $32.00 in a research note on Friday, August 8th. They now have a neutral rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of Zumiez from $25.00 to $28.00 in a research note on Thursday, July 10th. They now have a hold rating on the stock. Finally, analysts at CRT Capital raised their price target on shares of Zumiez from $30.00 to $31.00 in a research note on Thursday, July 10th. They now have a fair value rating on the stock. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price 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.
Receive News & Ratings for Zumiez Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.