Zumiez (NASDAQ:ZUMZ) Releases Q3 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.55-0.61 for the period, compared to the Thomson Reuters consensus estimate of $0.55. The company issued revenue guidance of $258-263 million, compared to the consensus revenue estimate of $257.39 million.Zumiez also updated its FY 2019 guidance to $2.10-2.20 EPS.

ZUMZ stock traded up $2.40 on Friday, reaching $30.00. The company’s stock had a trading volume of 125,237 shares, compared to its average volume of 319,266. The business has a fifty day simple moving average of $24.35 and a two-hundred day simple moving average of $24.41. Zumiez has a 12-month low of $17.57 and a 12-month high of $31.00. The firm has a market cap of $683.16 million, a PE ratio of 16.79, a PEG ratio of 1.04 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.34 and a current ratio of 2.28.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.17. Zumiez had a return on equity of 12.81% and a net margin of 4.93%. The company had revenue of $228.40 million during the quarter, compared to analyst estimates of $223.65 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts anticipate that Zumiez will post 1.89 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. B. Riley raised their price objective on Zumiez from $28.00 to $32.00 and gave the company a buy rating in a research report on Friday. TheStreet lowered Zumiez from a b rating to a c+ rating in a research report on Thursday, June 6th. Zacks Investment Research raised Zumiez from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Saturday, May 18th. Pivotal Research raised their price objective on Zumiez from $22.00 to $26.00 and gave the company a hold rating in a research report on Tuesday. Finally, BidaskClub raised Zumiez from a hold rating to a buy rating in a research report on Saturday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $25.14.

About Zumiez

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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