Zumiez (NASDAQ:ZUMZ) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $(0.13)-(0.07) for the period, compared to the Thomson Reuters consensus estimate of ($0.05). The company issued revenue guidance of $202-206 million, compared to the consensus revenue estimate of $213.08 million.Zumiez also updated its Q1 2019 guidance to $-0.13–0.07 EPS.
Shares of ZUMZ traded down $1.65 on Thursday, hitting $23.68. 1,093,963 shares of the stock traded hands, compared to its average volume of 450,042. The company has a market capitalization of $627.55 million, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24. Zumiez has a one year low of $17.57 and a one year high of $32.70.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.07. The company had revenue of $304.56 million during the quarter, compared to the consensus estimate of $305.55 million. Zumiez had a net margin of 3.62% and a return on equity of 10.06%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, equities analysts predict that Zumiez will post 1.73 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Pivotal Research downgraded shares of Zumiez from a buy rating to a hold rating and cut their target price for the stock from $28.00 to $26.00 in a research report on Monday. BidaskClub raised shares of Zumiez from a sell rating to a hold rating in a research report on Monday, February 25th. Zacks Investment Research downgraded shares of Zumiez from a buy rating to a hold rating in a research report on Saturday, January 26th. ValuEngine raised shares of Zumiez from a sell rating to a hold rating in a research report on Thursday, January 10th. Finally, B. Riley set a $28.00 target price on shares of Zumiez and gave the stock a buy rating in a research report on Sunday, December 9th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $25.14.
Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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