Zumiez (ZUMZ) Issues Q4 Earnings Guidance

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Zumiez (NASDAQ:ZUMZ) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.08-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.06.

Shares of Zumiez stock traded up $0.18 during trading on Wednesday, hitting $21.27. The stock had a trading volume of 330,100 shares, compared to its average volume of 404,100. The company has a market cap of $506.79 million, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11. Zumiez has a 1 year low of $17.57 and a 1 year high of $32.70.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.06. Zumiez had a net margin of 3.62% and a return on equity of 10.06%. The business had revenue of $248.80 million during the quarter, compared to analysts’ expectations of $248.70 million. During the same period in the previous year, the company earned $0.48 earnings per share. Zumiez’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts predict that Zumiez will post 1.67 earnings per share for the current fiscal year.

Several analysts have weighed in on ZUMZ shares. BidaskClub cut Zumiez from a hold rating to a sell rating in a report on Friday, October 19th. B. Riley cut their target price on Zumiez to $32.00 and set a buy rating on the stock in a research note on Monday, December 3rd. Pivotal Research reiterated a buy rating and set a $30.00 price objective on shares of Zumiez in a research note on Thursday, October 11th. Robert W. Baird dropped their price target on Zumiez from $30.00 to $25.00 and set a neutral rating on the stock in a research note on Thursday, October 11th. Finally, DA Davidson assumed coverage on Zumiez in a report on Tuesday, September 25th. They issued a neutral rating and a $29.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $25.43.

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Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

See Also: Correction

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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