Zumiez (NASDAQ:ZUMZ) Updates Q3 2024 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.040-0.060 for the period, compared to the consensus 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 Stock Performance

Shares of NASDAQ:ZUMZ opened at $26.69 on Friday. The firm has a market capitalization of $541.01 million, a P/E ratio of -8.47 and a beta of 1.25. The stock has a 50 day moving average price of $24.31 and a 200-day moving average price of $19.48. Zumiez has a 52-week low of $12.90 and a 52-week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.29. The company had revenue of $210.18 million for the quarter, compared to analysts’ expectations of $201.93 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.44) earnings per share. On average, equities analysts forecast that Zumiez will post -0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZUMZ. 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 boosted their price target on Zumiez from $20.00 to $25.00 and gave the stock a neutral rating in a research report on Friday.

Zumiez Company Profile

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.