Zumiez Inc. (ZUMZ) Expected to Post Earnings of -$0.14 Per Share

Wall Street brokerages expect Zumiez Inc. (NASDAQ:ZUMZ) to announce ($0.14) earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Zumiez’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.12). Zumiez reported earnings of ($0.18) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The business is expected to announce its next quarterly earnings report on Thursday, June 7th.

On average, analysts expect that Zumiez will report full-year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.52 to $1.59. For the next financial year, analysts forecast that the firm will report earnings of $1.69 per share, with EPS estimates ranging from $1.59 to $1.79. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Zumiez.

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Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). Zumiez had a return on equity of 8.38% and a net margin of 2.89%. The business had revenue of $308.20 million for the quarter, compared to analysts’ expectations of $301.75 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Zumiez’s quarterly revenue was up 16.9% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. B. Riley set a $26.00 price objective on shares of Zumiez and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, March 20th. BidaskClub downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group set a $22.00 target price on shares of Zumiez and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Robert W. Baird restated a “hold” rating and issued a $28.00 target price on shares of Zumiez in a research note on Thursday, April 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Zumiez presently has a consensus rating of “Buy” and an average target price of $24.20.

In other news, Chairman Thomas D. Campion sold 24,401 shares of the company’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $25.00, for a total value of $610,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 258,797 shares of company stock valued at $6,484,643 over the last 90 days. Insiders own 27.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZUMZ. Russell Investments Group Ltd. bought a new position in Zumiez during the 3rd quarter valued at $199,000. HBK Investments L P bought a new position in Zumiez during the 4th quarter valued at $214,000. MetLife Investment Advisors LLC bought a new position in Zumiez during the 4th quarter valued at $218,000. Paloma Partners Management Co bought a new position in Zumiez during the 4th quarter valued at $235,000. Finally, Crossmark Global Holdings Inc. bought a new position in Zumiez during the 4th quarter valued at $240,000. Hedge funds and other institutional investors own 71.70% of the company’s stock.

ZUMZ traded down $0.20 during trading on Wednesday, hitting $23.60. 283,671 shares of the company’s stock were exchanged, compared to its average volume of 424,487. Zumiez has a 1 year low of $11.43 and a 1 year high of $26.30. The company has a market cap of $608.51, a P/E ratio of 21.45, a P/E/G ratio of 0.87 and a beta of 1.11.

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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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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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