Zumiez (NASDAQ:ZUMZ) Issues Q3 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.04)-$0.06 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $221-225 million, compared to the consensus revenue estimate of $216.90 million.

Zumiez Stock Performance

Shares of ZUMZ stock traded down $0.78 during midday trading on Thursday, reaching $25.67. 424,454 shares of the company were exchanged, compared to its average volume of 237,941. The company’s 50 day moving average price is $24.04 and its two-hundred day moving average price is $19.37. The company has a market cap of $520.33 million, a P/E ratio of -8.40 and a beta of 1.25. Zumiez has a 12 month low of $12.90 and a 12 month high of $29.40.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.14) by $0.28. The firm had revenue of $177.39 million during the quarter, compared to the consensus estimate of $171.58 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. As a group, sell-side analysts predict that Zumiez will post -0.04 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on ZUMZ shares. B. Riley raised their target price on Zumiez from $16.00 to $20.00 and gave the company a neutral rating in a research note on Friday, June 7th. 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 report on Friday, June 7th.

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.