Zumiez (NASDAQ:ZUMZ) Updates Q4 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.83-0.93 for the period, compared to the consensus earnings per share estimate of $0.96. The company issued revenue guidance of $284-288 million, compared to the consensus revenue estimate of $283.48 million. Zumiez also updated its Q4 2024 guidance to 0.830-0.930 EPS.

Zumiez Stock Performance

NASDAQ:ZUMZ opened at $22.79 on Friday. The business’s fifty day moving average is $21.83 and its 200 day moving average is $22.14. The firm has a market cap of $436.20 million, a price-to-earnings ratio of -7.33 and a beta of 1.25. 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 data on Thursday, December 5th. The apparel and footwear maker reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $222.06 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Zumiez’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Zumiez will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price objective on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, September 6th.

Insider Activity at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the sale, the director now owns 15,002 shares of the company’s stock, valued at $327,793.70. The trade was a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.30% of the stock is currently owned by insiders.

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.