Zumiez (NASDAQ:ZUMZ) Releases Earnings Results, Beats Expectations By $0.29 EPS

Zumiez (NASDAQ:ZUMZ) issued its earnings results on Thursday. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29, Briefing.com reports. 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 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. Zumiez updated its Q3 guidance to $(0.04)-$0.06 EPS and its Q3 2024 guidance to -0.040-0.060 EPS.

Zumiez Stock Performance

Shares of Zumiez stock traded up $1.02 on Friday, hitting $26.69. The company’s stock had a trading volume of 1,520,472 shares, compared to its average volume of 245,431. The company has a market capitalization of $541.01 million, a price-to-earnings ratio of -8.47 and a beta of 1.25. Zumiez has a 1 year low of $12.90 and a 1 year high of $31.37. The firm has a fifty day moving average price of $24.31 and a 200-day moving average price of $19.47.

Wall Street Analysts Forecast Growth

ZUMZ has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on shares of Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. B. Riley upped their target price on Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday.

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.