Zumiez (NASDAQ:ZUMZ – Get Free Report) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.04)-$0.06 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $221-225 million, compared to the consensus revenue estimate of $216.90 million. Zumiez also updated its Q3 2024 guidance to -0.040-0.060 EPS.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. B. Riley increased their price target on Zumiez from $20.00 to $25.00 and gave the stock a neutral rating in a research report on Friday. Jefferies Financial Group increased their price objective on shares of Zumiez from $14.00 to $19.00 and gave the stock a hold rating in a report on Friday, June 7th.
Get Our Latest Stock Analysis on ZUMZ
Zumiez Price Performance
Zumiez (NASDAQ:ZUMZ – Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.29. The business had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. Sell-side analysts anticipate that Zumiez will post -0.04 earnings per share for the current fiscal year.
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.
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