Zacks: Brokerages Expect Zumiez Inc. (NASDAQ:ZUMZ) Will Post Earnings of $0.07 Per Share

Wall Street brokerages expect Zumiez Inc. (NASDAQ:ZUMZGet Rating) to post earnings of $0.07 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Zumiez’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.03. Zumiez posted earnings per share of $1.03 in the same quarter last year, which would suggest a negative year-over-year growth rate of 93.2%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Zumiez will report full-year earnings of $4.73 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $5.12. For the next year, analysts forecast that the business will post earnings of $5.71 per share, with EPS estimates ranging from $5.33 to $6.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Zumiez.

Zumiez (NASDAQ:ZUMZGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The apparel and footwear maker reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.10). Zumiez had a return on equity of 22.30% and a net margin of 10.08%. The business had revenue of $346.70 million for the quarter, compared to the consensus estimate of $353.18 million. During the same quarter in the previous year, the company posted $1.68 earnings per share. Zumiez’s quarterly revenue was up 4.6% on a year-over-year basis.

A number of brokerages have recently weighed in on ZUMZ. B. Riley lowered their target price on Zumiez from $56.00 to $48.00 in a research report on Friday, March 11th. StockNews.com raised Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Seaport Res Ptn reissued a “neutral” rating on shares of Zumiez in a research report on Tuesday, January 18th. Finally, Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Friday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Zumiez presently has a consensus rating of “Hold” and a consensus price target of $46.80.

Shares of NASDAQ:ZUMZ opened at $37.95 on Friday. Zumiez has a twelve month low of $35.32 and a twelve month high of $55.10. The stock’s 50 day moving average is $41.38 and its 200-day moving average is $44.05. The firm has a market capitalization of $756.04 million, a price-to-earnings ratio of 7.71 and a beta of 1.63.

In related news, insider Chris K. Visser sold 8,888 shares of the stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $41.78, for a total value of $371,340.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Zumiez by 2.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,878 shares of the apparel and footwear maker’s stock worth $522,000 after purchasing an additional 289 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Zumiez by 2.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,615 shares of the apparel and footwear maker’s stock worth $661,000 after purchasing an additional 412 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Zumiez by 0.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 106,507 shares of the apparel and footwear maker’s stock worth $4,235,000 after purchasing an additional 440 shares during the period. California State Teachers Retirement System raised its stake in shares of Zumiez by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 30,093 shares of the apparel and footwear maker’s stock worth $1,444,000 after purchasing an additional 463 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Zumiez by 2.1% during the 3rd quarter. Voya Investment Management LLC now owns 27,594 shares of the apparel and footwear maker’s stock worth $1,097,000 after purchasing an additional 565 shares during the period. Institutional investors own 78.39% of the company’s stock.

Zumiez Company Profile (Get Rating)

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of February 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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