Zumiez (NASDAQ:ZUMZ) Issues Q3 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.04)-$0.06 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $221-225 million, compared to the consensus revenue estimate of $216.90 million. Zumiez also updated its Q3 2024 guidance to -0.040-0.060 EPS.

Zumiez Stock Performance

NASDAQ ZUMZ opened at $26.69 on Friday. The firm’s 50 day moving average price is $24.31 and its two-hundred day moving average price is $19.47. The stock has a market cap of $541.01 million, a price-to-earnings ratio of -8.47 and a beta of 1.25. Zumiez has a twelve month low of $12.90 and a twelve month high of $31.37.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.29. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The firm had revenue of $210.18 million for the quarter, compared to analyst estimates of $201.93 million. During the same period in the previous year, the firm earned ($0.44) earnings per share. Zumiez’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts forecast that Zumiez will post -0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZUMZ. B. Riley upped their price objective on shares of Zumiez from $20.00 to $25.00 and gave the company a neutral rating in a research note on Friday. Jefferies Financial Group boosted their target price on Zumiez from $14.00 to $19.00 and gave the company a hold rating in a research note on Friday, June 7th.

Zumiez Company Profile

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.