Zacks: Brokerages Anticipate Zumiez Inc. (ZUMZ) Will Post Earnings of $0.80 Per Share

Wall Street brokerages expect Zumiez Inc. (NASDAQ:ZUMZ) to report $0.80 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zumiez’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.78. Zumiez posted earnings of $0.74 per share during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The firm is expected to report its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Zumiez will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.10. For the next fiscal year, analysts expect that the company will post earnings of $1.17 per share, with EPS estimates ranging from $1.11 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Zumiez.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Zumiez had a return on equity of 8.11% and a net margin of 2.84%. The business had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. During the same period last year, the company earned $0.43 EPS. The firm’s revenue was up 11.0% on a year-over-year basis.

ZUMZ has been the topic of several recent research reports. B. Riley set a $23.00 price target on Zumiez and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, September 12th. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Robert W. Baird restated a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a research report on Tuesday, October 3rd. Finally, Jefferies Group set a $15.00 price target on Zumiez and gave the stock a “hold” rating in a research report on Thursday, October 5th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez currently has a consensus rating of “Hold” and an average target price of $20.00.

Zumiez (NASDAQ:ZUMZ) traded down $1.85 during trading hours on Friday, hitting $19.95. The stock had a trading volume of 2,650,000 shares, compared to its average volume of 474,501. Zumiez has a 1-year low of $11.43 and a 1-year high of $26.55. The company has a market cap of $503.35, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.04 and a beta of 1.39.

A number of hedge funds have recently bought and sold shares of ZUMZ. Numeric Investors LLC bought a new position in Zumiez during the second quarter worth about $7,672,000. Fuller & Thaler Asset Management Inc. bought a new position in Zumiez during the third quarter worth about $3,193,000. Prudential Financial Inc. lifted its holdings in Zumiez by 79.0% during the third quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock worth $5,741,000 after acquiring an additional 139,969 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Zumiez by 9.0% during the first quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock worth $30,250,000 after acquiring an additional 136,027 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in Zumiez during the third quarter worth about $1,448,000. Hedge funds and other institutional investors own 74.98% of the company’s stock.

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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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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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