Zumiez (NASDAQ:ZUMZ) Updates Q4 2024 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.830-0.930 for the period, compared to the consensus earnings per share estimate of 1.010. The company issued revenue guidance of $284.0 million-$288.0 million, compared to the consensus revenue estimate of $283.5 million. Zumiez also updated its Q4 guidance to $0.83-0.93 EPS.

Zumiez Trading Up 9.8 %

Shares of Zumiez stock traded up $1.98 on Friday, reaching $22.14. 127,637 shares of the company were exchanged, compared to its average volume of 256,819. The company has a market capitalization of $423.76 million, a price-to-earnings ratio of -7.91 and a beta of 1.25. Zumiez has a one year low of $12.90 and a one year high of $31.37. The company has a 50-day moving average of $21.83 and a 200 day moving average of $22.14.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $222.06 million. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) earnings per share. Analysts predict that Zumiez will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $21.85, for a total value of $71,733.55. Following the transaction, the director now directly owns 15,002 shares in the company, valued at approximately $327,793.70. This represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 20.30% of the company’s stock.

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.