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.

Analyst Upgrades and Downgrades

ZUMZ has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Zumiez from $14.00 to $19.00 and gave the stock a hold rating in a report on Friday, June 7th. B. Riley raised their target price on shares of Zumiez from $16.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, June 7th.

Zumiez Trading Up 13.0 %

Zumiez stock traded up $3.34 during trading on Friday, hitting $29.01. The company had a trading volume of 90,914 shares, compared to its average volume of 237,120. The stock has a market cap of $588.03 million, a price-to-earnings ratio of -9.33 and a beta of 1.25. Zumiez has a 1-year low of $12.90 and a 1-year high of $30.81. The company’s 50 day simple moving average is $24.16 and its 200-day simple moving average is $19.41.

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

About Zumiez

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.