Zalando (OTCMKTS:ZLNDY – Get Free Report) released its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09), Zacks reports. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.45 billion. Zalando had a net margin of 2.07% and a return on equity of 8.95%.
Zalando Price Performance
ZLNDY traded down $0.97 during midday trading on Friday, reaching $12.94. 30,524 shares of the company’s stock were exchanged, compared to its average volume of 23,034. Zalando has a 1-year low of $12.79 and a 1-year high of $20.64. The stock has a market capitalization of $6.83 billion, a PE ratio of 24.89 and a beta of 1.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.98. The business’s 50-day moving average price is $14.98 and its 200 day moving average price is $15.87.
Analyst Ratings Changes
Several research firms have recently commented on ZLNDY. Morgan Stanley restated an “underweight” rating on shares of Zalando in a research note on Monday, July 14th. Cfra Research downgraded Zalando from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 11th. Baader Bank upgraded shares of Zalando to a “buy” rating in a research note on Monday, August 18th. Finally, Citigroup reiterated a “buy” rating on shares of Zalando in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Zalando Company Profile
Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.
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