Zacks: Analysts Expect Zumiez Inc. (ZUMZ) to Post $0.48 EPS

Equities analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to post earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Four analysts have provided estimates for Zumiez’s earnings, with estimates ranging from $0.46 to $0.50. Zumiez reported earnings per share of $0.43 in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The company is scheduled to issue its next earnings report after the market closes on Thursday, November 30th.

According to Zacks, analysts expect that Zumiez will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.02 to $1.08. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.15 per share, with EPS estimates ranging from $1.11 to $1.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Zumiez.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The business had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The company’s revenue was up 7.8% on a year-over-year basis.

Several equities research analysts have commented on ZUMZ shares. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, August 30th. BMO Capital Markets set a $16.00 price target on Zumiez and gave the stock a “hold” rating in a research note on Sunday, September 10th. Jefferies Group LLC set a $15.00 target price on Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird reaffirmed a “hold” rating and set a $17.00 target price on shares of Zumiez in a research note on Friday, September 8th. Finally, BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Zumiez presently has an average rating of “Hold” and an average target price of $18.50.

Shares of Zumiez (NASDAQ:ZUMZ) traded up $0.60 during midday trading on Wednesday, hitting $18.90. 365,002 shares of the company were exchanged, compared to its average volume of 500,626. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $26.55. The company has a market capitalization of $446.58, a PE ratio of 18.25, a P/E/G ratio of 0.93 and a beta of 1.33.

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A number of institutional investors and hedge funds have recently bought and sold shares of ZUMZ. Eagle Global Advisors LLC acquired a new stake in Zumiez in the 2nd quarter worth approximately $124,000. Thrivent Financial For Lutherans acquired a new position in shares of Zumiez during the second quarter worth approximately $130,000. Voya Investment Management LLC acquired a new position in shares of Zumiez during the second quarter worth approximately $142,000. Marshall Wace North America L.P. acquired a new position in shares of Zumiez during the second quarter worth approximately $155,000. Finally, Texas Permanent School Fund lifted its holdings in shares of Zumiez by 2.1% during the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.

About Zumiez

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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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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