Zumiez (NASDAQ:ZUMZ) Issues Q3 2024 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of -0.040-0.060 for the period, compared to the consensus earnings per share estimate of 0.230. The company issued revenue guidance of $221.0 million-$225.0 million, compared to the consensus revenue estimate of $216.9 million. Zumiez also updated its Q3 guidance to $(0.04)-$0.06 EPS.

Zumiez Trading Up 4.0 %

ZUMZ opened at $26.69 on Friday. The stock has a market capitalization of $541.01 million, a P/E ratio of -8.47 and a beta of 1.25. The stock has a 50-day moving average price of $24.31 and a 200-day moving average price of $19.48. Zumiez has a 12-month low of $12.90 and a 12-month high of $31.37.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, topping 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 business had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. Zumiez’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Zumiez will post -0.04 EPS for the current year.

Analyst Upgrades and Downgrades

ZUMZ has been the topic of a number of analyst reports. B. Riley lifted their target price on shares of Zumiez from $20.00 to $25.00 and gave the stock a neutral rating in a research report on Friday. Jefferies Financial Group raised their price objective 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.