Zumiez (NASDAQ: ZUMZ) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.04-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $141-144 million, compared to the consensus revenue estimate of $144.81 million.
Shares of Zumiez (NASDAQ: ZUMZ) traded down 1.10% during mid-day trading on Thursday, hitting $24.22. Zumiez has a one year low of $17.93 and a one year high of $41.96. The stock’s 50-day moving average is currently $22.5. The company has a market cap of $759.3 million and a P/E ratio of 20.29.
Zumiez (NASDAQ: ZUMZ) last announced its earnings results on Thursday, March 14th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $224.40 million for the quarter, compared to the consensus estimate of $223.37 million. During the same quarter last year, the company posted $0.60 earnings per share. Zumiez’s revenue was up 22.0% compared to the same quarter last year. Zumiez has set its Q1 guidance at $0.04-0.07 EPS. Analysts expect that Zumiez will post $1.56 EPS for the current fiscal year.
Several analysts have also recently commented on the stock. Analysts at Wedbush cut their price target on shares of Zumiez from $24.00 to $23.00 in a research note to investors on Thursday, March 7th. They now have a neutral rating on the stock. On a related note, analysts at Janney Montgomery Scott cut their price target on shares of Zumiez from $23.00 to $22.00 in a research note to investors on Thursday, March 7th. They now have a neutral rating on the stock. Finally, analysts at CL King initiated coverage on shares of Zumiez in a research note to investors on Friday, February 15th. They set a neutral rating on the stock.
Four analysts have rated the stock with a buy rating, one has issued an overweight rating, twelve have assigned a hold rating, one has given an underweight rating, and one has issued a sell rating to the company. The stock currently has an average rating of hold and a consensus target price of $25.47.
Zumiez Inc. (Zumiez) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.
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