Zumiez (NASDAQ:ZUMZ) Posts Earnings Results, Beats Expectations By $0.29 EPS

Zumiez (NASDAQ:ZUMZ) posted 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. The company had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.44) EPS. Zumiez updated its Q3 guidance to $(0.04)-$0.06 EPS and its Q3 2024 guidance to -0.040-0.060 EPS.

Zumiez Trading Down 2.9 %

Shares of ZUMZ opened at $25.67 on Friday. The company has a market cap of $520.33 million, a price-to-earnings ratio of -8.15 and a beta of 1.25. The business’s fifty day simple moving average is $24.16 and its two-hundred day simple moving average is $19.41. Zumiez has a 12 month low of $12.90 and a 12 month high of $29.40.

Analysts Set New Price Targets

A number of research firms have recently commented on ZUMZ. B. Riley increased their target price on Zumiez from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Jefferies Financial Group increased their price objective on shares of Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a research 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.