Zumiez (NASDAQ:ZUMZ) Issues Q3 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $(0.04)-$0.06 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

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

Zumiez Trading Up 4.0 %

ZUMZ stock opened at $26.69 on Friday. The firm has a market cap of $541.01 million, a PE 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 company has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $19.48.

Zumiez (NASDAQ:ZUMZ) last posted its 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. The company had revenue of $210.18 million for the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. As a group, analysts forecast that Zumiez will post -0.04 EPS 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.