Zumiez Inc. (ZUMZ) Updates Q3 Earnings Guidance
Zumiez Inc. (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.45-0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47. The company issued revenue guidance of $241-243 million, compared to the consensus revenue estimate of $237.02 million.
Zumiez Inc. (ZUMZ) traded down 1.56% during midday trading on Wednesday, hitting $18.90. 900,721 shares of the stock traded hands. Zumiez Inc. has a 52 week low of $11.43 and a 52 week high of $26.55. The stock’s 50-day moving average price is $14.81 and its 200-day moving average price is $14.73. The stock has a market capitalization of $476.85 million, a P/E ratio of 19.71 and a beta of 1.38.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The firm had revenue of $192.20 million during the quarter, compared to analyst estimates of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) EPS. Equities research analysts expect that Zumiez Inc. will post $1.05 EPS for the current fiscal year.
A number of brokerages have recently commented on ZUMZ. Zacks Investment Research cut shares of Zumiez from a buy rating to a hold rating in a report on Tuesday, September 5th. BMO Capital Markets set a $16.00 price target on shares of Zumiez and gave the stock a hold rating in a research note on Thursday, July 6th. B. Riley upgraded shares of Zumiez from a neutral rating to a buy rating and increased their price target for the stock from $17.00 to $18.00 in a research note on Friday, September 8th. BidaskClub raised shares of Zumiez from a strong sell rating to a sell rating in a research report on Monday, July 31st. Finally, Robert W. Baird reissued a hold rating and set a $17.00 price target on shares of Zumiez in a research report on Friday, September 8th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $19.50.
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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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