Zumiez (NASDAQ:ZUMZ) Announces Earnings Results

Zumiez (NASDAQ:ZUMZ) issued its quarterly earnings results on Thursday. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.29, Briefing.com reports. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The company had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. During the same period last year, the business posted ($0.44) earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Zumiez updated its Q3 guidance to $(0.04)-$0.06 EPS and its Q3 2024 guidance to -0.040-0.060 EPS.

Zumiez Trading Up 4.0 %

ZUMZ opened at $26.69 on Friday. The stock has a market cap of $541.01 million, a PE ratio of -8.47 and a beta of 1.25. Zumiez has a 1 year low of $12.90 and a 1 year high of $31.37. The stock’s 50 day simple moving average is $24.31 and its 200-day simple moving average is $19.47.

Analysts Set New Price Targets

A number of research analysts have recently commented on ZUMZ shares. Jefferies Financial Group upped their price target on Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, June 7th. B. Riley upped their target price on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research note 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.