Zumiez (NASDAQ:ZUMZ) Issues Earnings Results, Beats Expectations By $0.29 EPS

Zumiez (NASDAQ:ZUMZ) released its quarterly earnings data on Thursday. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29, Briefing.com reports. The company had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative net margin of 7.01% and a negative return on equity of 5.47%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) earnings per share. Zumiez updated its Q3 guidance to $(0.04)-$0.06 EPS and its Q3 2024 guidance to -0.040-0.060 EPS.

Zumiez Price Performance

Zumiez stock traded up $1.02 during midday trading on Friday, reaching $26.69. The company’s stock had a trading volume of 1,520,472 shares, compared to its average volume of 245,431. Zumiez has a 52-week low of $12.90 and a 52-week high of $31.37. The stock has a market capitalization of $541.01 million, a P/E ratio of -8.47 and a beta of 1.25. The stock’s 50-day simple moving average is $24.31 and its 200-day simple moving average is $19.47.

Analysts Set New Price Targets

ZUMZ has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on shares of Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. B. Riley upped their price objective on Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday.

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.