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

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

Zumiez Stock Performance

Shares of NASDAQ:ZUMZ traded up $1.02 during trading on Friday, reaching $26.69. The stock had a trading volume of 1,520,472 shares, compared to its average volume of 245,431. Zumiez has a 1-year low of $12.90 and a 1-year high of $31.37. The stock has a market cap of $541.01 million, a PE ratio of -8.47 and a beta of 1.25. The business has a fifty day moving average price of $24.31 and a 200-day moving average price of $19.47.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. B. Riley upped their price target on shares of Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday. Jefferies Financial Group upped their price target on shares of Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, June 7th.

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.