Q3 2017 Earnings Estimate for Zumiez Inc. Issued By Wedbush (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at Wedbush increased their Q3 2017 earnings estimates for Zumiez in a research report issued on Thursday. Wedbush analyst M. Brown now anticipates that the firm will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.21. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. Wedbush also issued estimates for Zumiez’s FY2017 earnings at $0.82 EPS, Q1 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.37 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.08 EPS.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. During the same period in the previous year, the company posted $0.12 earnings per share. The firm’s revenue was down .8% on a year-over-year basis.
Other equities research analysts also recently issued reports about the company. Stifel Nicolaus restated a “hold” rating and set a $17.00 price objective (up from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. William Blair upgraded Zumiez from a “market perform” rating to an “outperform” rating in a research report on Thursday. BMO Capital Markets restated a “market perform” rating and set a $16.00 price objective on shares of Zumiez in a research report on Saturday, September 10th. Mizuho upped their price objective on Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, SunTrust Banks Inc. upped their price objective on Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Zumiez has a consensus rating of “Hold” and a consensus target price of $18.13.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/10/q3-2017-earnings-estimate-for-zumiez-inc-issued-by-wedbush-zumz.html
Shares of Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Monday. The company has a market capitalization of $544.52 million, a price-to-earnings ratio of 28.59 and a beta of 1.56. Zumiez has a 52-week low of $11.53 and a 52-week high of $22.54. The company’s 50 day moving average price is $17.45 and its 200 day moving average price is $16.51.
A number of hedge funds have recently made changes to their positions in ZUMZ. Cubist Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter valued at about $115,000. Jefferies Group LLC bought a new stake in shares of Zumiez during the second quarter valued at about $153,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter valued at about $168,000. KCG Holdings Inc. bought a new stake in shares of Zumiez during the second quarter valued at about $269,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Zumiez during the first quarter valued at about $385,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.
Zumiez Company Profile
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
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 MarketBeat.com's FREE daily email newsletter.