Zumiez (NASDAQ:ZUMZ) Updates Q3 2024 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.040-0.060 for the period, compared to the consensus EPS estimate of 0.230. The company issued revenue guidance of $221.0 million-$225.0 million, compared to the consensus revenue estimate of $216.9 million. Zumiez also updated its Q3 guidance to $(0.04)-$0.06 EPS.

Zumiez Price Performance

Shares of Zumiez stock traded down $0.78 during trading hours on Thursday, hitting $25.67. The company’s stock had a trading volume of 427,407 shares, compared to its average volume of 237,971. The company has a market capitalization of $520.43 million, a PE ratio of -8.15 and a beta of 1.25. The stock has a 50 day moving average of $24.04 and a 200 day moving average of $19.37. Zumiez has a 12 month low of $12.90 and a 12 month high of $29.40.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.14) by $0.28. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The business had revenue of $177.39 million during the quarter, compared to analysts’ expectations of $171.58 million. Equities analysts expect that Zumiez will post -0.04 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on ZUMZ. B. Riley boosted their price objective on shares of Zumiez from $16.00 to $20.00 and gave the company a neutral rating in a research report on Friday, June 7th. Jefferies Financial Group upped their price objective on Zumiez from $14.00 to $19.00 and gave the stock a hold rating in a research report on Friday, June 7th.

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.