Zumiez (NASDAQ:ZUMZ) Issues Earnings Results, Beats Estimates By $0.29 EPS

Zumiez (NASDAQ:ZUMZ) announced its quarterly earnings results on Thursday. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.29, Briefing.com reports. The company had revenue of $210.18 million for the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative net margin of 7.01% and a negative return on equity of 5.47%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.44) earnings per share. Zumiez updated its Q3 guidance to $(0.04)-$0.06 EPS and its Q3 2024 guidance to -0.040-0.060 EPS.

Zumiez Stock Down 2.9 %

Shares of Zumiez stock opened at $25.67 on Friday. The firm has a market capitalization of $520.33 million, a P/E ratio of -8.15 and a beta of 1.25. Zumiez has a 52 week low of $12.90 and a 52 week high of $29.40. The firm’s 50 day moving average is $24.16 and its two-hundred day moving average is $19.41.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZUMZ shares. Jefferies Financial Group increased their price target on shares of Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, June 7th. B. Riley increased their price target on shares of Zumiez from $16.00 to $20.00 and gave the company a “neutral” 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.