Analysts Anticipate Zumiez Inc. (ZUMZ) Will Post Earnings of -$0.18 Per Share

Equities analysts predict that Zumiez Inc. (NASDAQ:ZUMZ) will report ($0.18) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Zumiez’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.19). Zumiez posted earnings per share of ($0.08) during the same quarter last year, which would suggest a negative year-over-year growth rate of 125%. The company is expected to announce its next quarterly earnings report on Thursday, June 1st.

According to Zacks, analysts expect that Zumiez will report full-year earnings of $1.02 per share for the current year, with EPS estimates ranging from $0.93 to $1.08. For the next year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $0.88 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Zumiez.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, March 9th. The apparel and footwear maker reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $263.60 million for the quarter, compared to the consensus estimate of $261.60 million. Zumiez had a net margin of 2.56% and a return on equity of 7.64%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share.

ZUMZ has been the subject of several research reports. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, March 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $24.00 target price on shares of Zumiez in a research note on Friday, January 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 target price (down previously from $23.00) on shares of Zumiez in a research note on Saturday, March 11th. B. Riley reaffirmed a “neutral” rating and issued a $21.50 target price on shares of Zumiez in a research note on Saturday, March 11th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $16.00 target price (down previously from $21.00) on shares of Zumiez in a research note on Friday, March 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.13.

Hedge funds have recently made changes to their positions in the stock. Columbus Circle Investors increased its stake in shares of Zumiez by 38.9% in the first quarter. Columbus Circle Investors now owns 547,469 shares of the apparel and footwear maker’s stock valued at $10,019,000 after buying an additional 153,268 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Zumiez during the fourth quarter valued at $931,000. Teachers Advisors LLC increased its stake in shares of Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock valued at $4,845,000 after buying an additional 189,821 shares during the last quarter. USA Financial Portformulas Corp bought a new stake in shares of Zumiez during the fourth quarter valued at $418,000. Finally, Norges Bank bought a new stake in shares of Zumiez during the fourth quarter valued at $1,616,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Shares of Zumiez (NASDAQ:ZUMZ) traded up 2.25% during midday trading on Tuesday, reaching $18.20. 524,085 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $17.99 and a 200 day moving average price of $20.97. Zumiez has a 12 month low of $13.50 and a 12 month high of $26.55. The company has a market cap of $453.96 million, a P/E ratio of 17.50 and a beta of 1.17.

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Zumiez Company Profile

Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.

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