Zumiez (NASDAQ:ZUMZ) Updates Q3 2024 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.040-0.060 for the period, compared to the consensus estimate of 0.230. The company issued revenue guidance of $221.0 million-$225.0 million, compared to the consensus revenue estimate of $216.9 million. Zumiez also updated its Q3 guidance to $(0.04)-$0.06 EPS.

Analysts Set New Price Targets

Several research firms have commented on ZUMZ. B. Riley lifted their target price on shares of Zumiez from $20.00 to $25.00 and gave the stock a neutral rating in a research note on Friday. Jefferies Financial Group lifted their price objective on Zumiez from $14.00 to $19.00 and gave the company a hold rating in a research report on Friday, June 7th.

Zumiez Price Performance

ZUMZ traded up $1.02 during trading hours on Friday, reaching $26.69. 1,520,472 shares of the stock traded hands, compared to its average volume of 245,431. Zumiez has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The company has a market cap of $541.01 million, a price-to-earnings ratio of -8.47 and a beta of 1.25. The firm’s fifty day simple moving average is $24.31 and its two-hundred day simple moving average is $19.47.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. The business had revenue of $210.18 million during the quarter, compared to the consensus estimate of $201.93 million. Zumiez had a negative net margin of 7.01% and a negative return on equity of 5.47%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. On average, research analysts predict that Zumiez will post -0.04 earnings per share for the current year.

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.