Zumiez (ZUMZ) Issues Q1 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $(0.13)-(0.07) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.05). The company issued revenue guidance of $202-206 million, compared to the consensus revenue estimate of $213.08 million.Zumiez also updated its Q1 2019 guidance to $-0.13–0.07 EPS.

ZUMZ stock opened at $23.68 on Friday. Zumiez has a one year low of $17.57 and a one year high of $32.70. The firm has a market cap of $627.55 million, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.07 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.07. The company had revenue of $304.56 million during the quarter, compared to analysts’ expectations of $305.55 million. Zumiez had a net margin of 3.62% and a return on equity of 10.06%. Zumiez’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, equities analysts predict that Zumiez will post 1.73 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. Pivotal Research cut shares of Zumiez from a buy rating to a hold rating and reduced their target price for the company from $28.00 to $26.00 in a research report on Monday. BidaskClub raised Zumiez from a sell rating to a hold rating in a research note on Monday, February 25th. Zacks Investment Research downgraded Zumiez from a buy rating to a hold rating in a research note on Saturday, January 26th. ValuEngine raised Zumiez from a sell rating to a hold rating in a research note on Thursday, January 10th. Finally, B. Riley set a $28.00 target price on Zumiez and gave the stock a buy rating in a research note on Sunday, December 9th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Zumiez presently has an average rating of Hold and a consensus price target of $25.14.

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Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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