-$0.07 EPS Expected for Zumiez Inc. (ZUMZ) This Quarter
Wall Street brokerages expect that Zumiez Inc. (NASDAQ:ZUMZ) will report ($0.07) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Zumiez’s earnings. Zumiez posted earnings of ($0.03) per share in the same quarter last year, which would indicate a negative year over year growth rate of 133.3%. The business is scheduled to announce its next earnings results on Thursday, September 14th.
According to Zacks, analysts expect that Zumiez will report full year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.77 to $1.00. For the next financial year, analysts expect that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.85 to $1.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Zumiez.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The company had revenue of $181.20 million during the quarter, compared to analysts’ expectations of $179.35 million. During the same quarter in the prior year, the company posted ($0.08) EPS. The business’s revenue was up 4.7% on a year-over-year basis.
Several research firms have recently weighed in on ZUMZ. BMO Capital Markets restated a “hold” rating and set a $19.00 price target on shares of Zumiez in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of Zumiez in a report on Friday, May 5th. Zacks Investment Research upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Finally, ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.
Several institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC purchased a new position in shares of Zumiez during the second quarter worth $360,000. Bank of Montreal Can raised its position in Zumiez by 1,187.6% in the second quarter. Bank of Montreal Can now owns 14,177 shares of the apparel and footwear maker’s stock valued at $175,000 after buying an additional 13,076 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Zumiez during the second quarter valued at about $408,000. Public Employees Retirement System of Ohio raised its position in Zumiez by 6.4% in the first quarter. Public Employees Retirement System of Ohio now owns 126,154 shares of the apparel and footwear maker’s stock valued at $2,309,000 after buying an additional 7,560 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in Zumiez by 12.9% in the first quarter. Tudor Investment Corp ET AL now owns 15,700 shares of the apparel and footwear maker’s stock valued at $287,000 after buying an additional 1,800 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.
Zumiez (NASDAQ:ZUMZ) opened at 12.10 on Tuesday. The stock has a 50 day moving average of $12.52 and a 200-day moving average of $16.77. The firm has a market cap of $304.88 million, a PE ratio of 12.75 and a beta of 1.21. Zumiez has a 52 week low of $11.60 and a 52 week high of $26.55.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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