Zumiez (NASDAQ:ZUMZ) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.18-0.13) for the period, compared to the Thomson Reuters consensus estimate of ($0.17). The company issued revenue guidance of $198-202 million, compared to the consensus revenue estimate of $192.25 million.
Shares of Zumiez stock opened at $24.90 on Friday. Zumiez has a twelve month low of $11.43 and a twelve month high of $25.25. The firm has a market capitalization of $629.97, a P/E ratio of 22.64, a PEG ratio of 0.91 and a beta of 1.11.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The firm had revenue of $308.20 million during the quarter, compared to analyst estimates of $301.75 million. During the same quarter in the previous year, the business posted $0.74 EPS. Zumiez’s revenue was up 16.9% compared to the same quarter last year. equities analysts forecast that Zumiez will post 1.53 EPS for the current fiscal year.
Several research analysts have commented on the company. BidaskClub raised Zumiez from a buy rating to a strong-buy rating in a research report on Wednesday, March 28th. TheStreet raised Zumiez from a c+ rating to a b- rating in a research report on Tuesday, March 20th. Zacks Investment Research raised Zumiez from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research report on Tuesday, March 20th. B. Riley reissued a buy rating on shares of Zumiez in a research report on Friday, March 16th. Finally, William Blair reissued a buy rating on shares of Zumiez in a research report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $22.00.
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Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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