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

Zumiez (NASDAQ:ZUMZ) released its earnings results on Thursday. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29, Briefing.com reports. The firm had revenue of $210.18 million for the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm 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 Price Performance

Shares of NASDAQ ZUMZ traded up $1.02 during trading hours 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 twelve month low of $12.90 and a twelve month high of $31.37. The business’s fifty day moving average is $24.31 and its two-hundred day moving average is $19.47. The company has a market cap of $541.01 million, a price-to-earnings ratio of -8.47 and a beta of 1.25.

Analyst Upgrades and Downgrades

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

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.